agreed-value insurance
1agreed value insurance — UK US noun [U] INSURANCE ► insurance for an amount agreed to by an insurance company at the start of an insurance period, rather than at the time the property is lost or destroyed: »Agreed value insurance guarantees you will get all of your money …
2agreed-value insurance — ➔ insurance …
3agreed value — UK US noun [S] INSURANCE ► an amount that an insurance company agrees to insure a property for at the start of an insurance period, and that it will pay if the property is lost or destroyed: »Marine insurance policies can either specify an agreed …
4agreed value — A value stipulated by the parties to a contract; the value of the insured property stated in an insurance policy known as a valued policy. In a certificate of formation of a partnership, a statement that a limited partner had contributed property …
5insurance — Guarding against property loss or damage making payments in the form of premiums to an insurance company, which pays an agreed upon sum to the insured in the event of loss. Bloomberg Financial Dictionary * * * insurance in‧sur‧ance [ɪnˈʆʊərəns ǁ… …
6insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …
7value — The utility of an object in satisfying, directly or indirectly, the needs or desires of human beings, called by economists value in use, or its worth consisting in the power of purchasing other objects, called value in exchange. Joint Highway… …
8agreed — Settled or established by agreement. Commonly synonymous with contracted. @ agreed amount clause Provision in insurance policy that the insured will carry a stated amount of insurance coverage @ agreed case See case agreed on case @ agreed… …
9agreed — Settled or established by agreement. Commonly synonymous with contracted. @ agreed amount clause Provision in insurance policy that the insured will carry a stated amount of insurance coverage @ agreed case See case agreed on case @ agreed… …
10Agreed Amount Clause — A property insurance provision in which the insurer agrees to waive the co insurance requirement. To obtain an agreed amount clause, insurers require a statement of property values signed by the insured as a condition of activating or including… …