Valued policy

Also found in: Dictionary/thesaurus

0.06 sec.

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.

?Page tools

Printer friendly

Cite / link

Feedback

Add definition

Your Ad Here

? References in periodicals archive
Under Louisiana's valued policy law, an insurer must pay the full value of the loss, without deduction or offset, if a valuation was placed on the property and such valuation was used to calculate the premiums, McKenzie said, citing the statute. Coverage disputes inevitable after Katrina by Lysiak, Fran Matso / Best's Review water damage, builder's risk, catastrophe fraud, cause and origin of water damage, condominium losses, valued policy law, mold, commercial losses, and more. Former National Hurricane Director Mayfield to Speak in First Address ... by Business Wire More than 25 professional development workshops will discuss such topics as additional living expenses (ALE) mediation, professionalism, catastrophe fraud, condominium losses, wind damage, valued policy law, mold, building codes, business interruption and more. 2006 Windstorm Insurance Conference Set for February 8-11, 2006 in ... by Business Wire More results

References in periodicals archive

Under Louisiana's valued policy law, an insurer must pay the full value of the loss, without deduction or offset, if a valuation was placed on the property and such valuation was used to calculate the premiums, McKenzie said, citing the statute.

Coverage disputes inevitable after Katrina by Lysiak, Fran Matso / Best's Review

water damage, builder's risk, catastrophe fraud, cause and origin of water damage, condominium losses, valued policy law, mold, commercial losses, and more.

Former National Hurricane Director Mayfield to Speak in First Address ... by Business Wire

More than 25 professional development workshops will discuss such topics as additional living expenses (ALE) mediation, professionalism, catastrophe fraud, condominium losses, wind damage, valued policy law, mold, building codes, business interruption and more.

2006 Windstorm Insurance Conference Set for February 8-11, 2006 in ... by Business Wire

More results

Legal browser

Full browser

Valeat quantum valere potest
Valid
Validity of will
Valuable consideration
Valuation
Value
Value received

Valued policy
Van Buren, Martin
Van Devanter, Willis
Vana est illa potentia quae numquam venit in actum
Vandalism
Vanderbilt, Arthur T.
Vani timores sunt aestimandi
Vanity plate, UT

Free Tools:	For surfers: Browser extension \| Word of the Day \| Help For webmasters: Free content NEW! \| Linking \| Lookup box \| Double-click lookup \| Partner with us

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.