ALL meanings of valued policy
val·ued pol·i·cy
V v - 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