Meaning Of The Word Valued policy
What's the definition of Valued policy? Find Valued policy meanings, definitions and more at the Real Dictionary online.
Valued policy Meaning
| Valued policy Definition |
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What's The Definition Of Valued policy?
valued policy in American English
a policy in which the company and the policyholder agree to the amount to be paid in the event of total loss of property, regardless of the value of the property valued policy in British English noun: an insurance policy in which the amount payable in the event of a valid claim is agreed upon between the company and policyholder when the policy is issued and is not related to the actual value of a loss valued policy in Insurance noun: A valued policy is an insurance policy in which the amount payable for a claim is agreed upon when the policy is issued, and is not related to the actual value of a loss. |
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