Valued policy

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VALUED POLICY. A valued policy is one where the value has been set on the ship or goods insured, and this value has been inserted in the policy in the nature of liquidated damages, to save the necessity of proving it in case of loss. 1 Bouv. Inst. n. 1230.

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Peter Deeley, chairman of the Deeley Group, said the project was a valued contract for the firm, which had recently completed the Broomfield Medical Centre in Spon End and Tower Court in Foleshill Road.
Gene Logic increasingly is establishing itself as a differentiated and valued contract service provider to pharmaceutical companies and Federal agencies focused on areas of key concern to the nation's health," commented Mark D.
2 billion valued contract includes supply of 96,200 kilometres cables.