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unvalued policy

 

'valued policy' can also refer to...

agreed-value policy

 

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Overview

valued policy


Quick Reference

An insurance policy in which the value of the subject matter is agreed when the cover starts. As a result, the amount to be paid in the event of a total-loss claim is already decided and does not need to be negotiated. Compare unvalued policy.

Subjects: Social sciences — Economics

Related content in Oxford Reference

Reference entries
valued policy
in A Dictionary of Finance and Banking (4 rev) Length: 47 words
valued policy
in A Dictionary of Business and Management (5) Length: 44 words
valued policy
in A Dictionary of Law (7) Length: 87 words

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