Who is referred to as the "named insured" in a Personal Auto Policy?

The "named insured" in a Personal Auto Policy refers specifically to the individual(s) who are explicitly listed on the policy document. This designation indicates who has purchased the coverage and is recognized by the insurance company as the primary policyholder. The named insured possesses the rights and responsibilities associated with the policy, including the ability to make changes, file claims, and be the recipient of any communications regarding the policy.

This status is significant because it defines eligibility for coverage, premium calculations, and liability in the event of a claim. Therefore, it is essential for anyone taking out a Personal Auto Policy to ensure that the correct individuals are named to reflect who will be driving the vehicle and benefiting from the insurance.