Meaning Of The Word Valued policy

Real Dictionary
  1. Real Dictionary
  2. V Words Definitions
  3. Section V-010
  4. Valued policy

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Valued policy Meaning

Valued policy Definition
Valued policy Definition

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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