bonded vs. insured

adjective

  1. secured by or consisting of bonds: bond.

    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.

noun

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