Who is typically referred to as "you" or "your" under a policy contract?

The term "you" or "your" in a policy contract usually refers to the named insured and their resident spouse. This specific language is intended to create a clear understanding of who is covered under the insurance policy. The named insured is the individual or entity specifically identified as the insured party on the policy and is the primary person that the coverage is designed to protect. When a spouse resides with the named insured, they are also included in the coverage, which offers protection and benefits under the same terms and conditions.

This distinction is crucial because it delineates who has the right to make claims and who is afforded the protections of the policy. In this context, limiting the definition to the named insured and their resident spouse ensures that coverage is not unnecessarily broadened to include individuals who may not have any connection to the policyholder or the vehicle in question.

Other options might suggest broader definitions, but they would fail to accurately capture the intent of the coverage provided to those specifically named in the contract.