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bonded vs. insured

bonded
[bon-did] / ˈbɒn dɪd /

adjective

  1. secured by or consisting of bonds.

    bonded debt.

  2. placed in bond.

    bonded goods.

  3. Textiles. made of two layers of the same fabric or of a fabric and a lining material attached to each other by a chemical process or adhesive.

    bonded wool.
insured
[in-shoord, -shurd] / ɪnˈʃʊərd, -ˈʃɜrd /

noun

insureds plural

  1. the person, group, or organization whose life or property is covered by an insurance policy.