Something that's insured is protected by an insurance policy in other words, its loss or damage will be compensated by an insurance company. If your laptop is insured, you'll get enough money to replace it if it's stolen.
Noun
a person whose interests are protected by an insurance policy; a person who contracts for an insurance policy that indemnifies him against loss of property or life or health etc.
Adjective
covered by insurance; "an insured risk"; "all members of the film cast and crew are insured"
imp. & p. p.
of Insure
Usage Examples
If you are worried about job security and do not have an adequate emergency fund (ideally eight months' worth of living expenses stashed away in a federally insured bank or credit union), you need to focus more on saving money than paying down the balance on your credit cards.
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