Learn about 'Market Value' in general insurance: The price at which a product would sell in the current market. Explore its significance and application.
Explore the concept of valuation in general insurance terms - a crucial process of estimating an item's value, typically conducted by a professional appraiser.
Learn about appraisal in general insurance terms—a crucial assessment to determine the value of an item or property for adequate insurance coverage or replacement value.
Learn about the role of an umpire in property insurance, a crucial figure in helping claimants and insurers agree on the amount of loss. Understand the process and legal implications.
