Valued Forms legal definition of Valued Forms
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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.
References in periodicals archive
Salespeople count on positive word-of-mouth as one of their most valued forms
of marketing, realizing that the sale is nearly made if a trusted source shared a good perception.
YouTube has turned video blogging and sharing into more valued forms
of advertising, and Facebook is raising the value of word-of-mouth advertising with its Facebook Beacon feature--essentially blasting your likes and dislikes out to your network of contacts.
The basic difference between these valued forms
and other business interruption and business income forms is that the latter are written on an actual loss sustained basis.