Valued Policy

October 10, 2023 4 min read Definitions

Valuation Clause in General Insurance: Understanding Its Importance

Insurance Risk Management Legal Studies Insurance Valuation Clause General Insurance Terms Valued Policy

Learn about the valuation clause in general insurance, which is essential for defining the value of insured items and effectively transforms the policy into a valued policy.

October 10, 2023 5 min read Definitions

Valued Policy (Property Insurance): Ensuring Protection for High-Value Items

Insurance Property Protection Financial Security Property Insurance Valued Policy Antiques Artwork High-Value Items

Learn about valued policy in property insurance, designed for high-value items like antiques or artwork. Understand how it ensures a predetermined payout in case of total loss.

October 10, 2023 4 min read Definitions

Valued Policy in General Insurance: Understanding Prestated Amount Agreements

Insurance Financial Services Risk Management Insurance Policy Valued Policy General Insurance Terms Predetermined Sum Guaranteed Payout

Learn about valued policy in general insurance where an insurance company agrees to pay a prestated amount if a loss occurs. Comprehensive information on valued policy agreements.