valued policy

val·ued pol·i·cy

V v

Definitions of valued policy words

noun valued policy 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. 1
noun valued policy 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 0
noun valued policy 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. 0
noun valued policy (fire insurance) A policy in which the value of the goods, property, or interest insured is specified. 0

before 1755

One of the 47% newest English words

First recorded in 1755-65

noun

adjective

verb

adverb

pronoun

preposition

conjunction

determiner

exclamation

This term is known only to a narrow circle of people with rare knowledge. Only 6% of English native speakers know the meaning of this word.

According to our data most of word are more popular. This word is almost not used. It has a much more popular synonym.

This diagram is provided by Google Ngram Viewer

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