valued policy
11valued policy — Insurance. a policy in which the company and the policyholder agree to the amount to be paid in the event of total loss of property, regardless of the value of the property. [1755 65] * * * …
12valued policy — An insurance policy in which the value of the subject matter is agreed when the cover starts. As a result, the amount to be paid in the event of a total loss claim is already decided and does not need to be negotiated …
13valued policy — /ˈvæljud pɒləsi/ (say valyoohd poluhsee) noun a form of insurance policy in which the value of the object insured is specified …
14valued policy law — noun : a law requiring insurance companies to pay to the insured in case of total loss the full amount of the insurance regardless of the actual value of the property at the time of the loss …
15policy — pol‧i‧cy [ˈpɒlsi ǁ ˈpɑː ] noun plural policies 1. [countable] also inˈsurance ˌpolicy INSURANCE a contract with an insurance company, or an official written statement giving all the details of such a contract: • She did not realize that her… …
16valued insurance — ➔ insurance * * * valued insurance UK US noun [U] (also agreed value insurance, valued policy [C]) INSURANCE ► insurance for an amount agreed to by an insurance company at the start of an insurance period, rather than at the time property is lost …
17Policy — Pol i*cy, n. [F. police; cf. Pr. polissia, Sp. p[ o]lizia, It. p[ o]lizza; of uncertain origin; cf. L. pollex thumb (as being used in pressing the seal), in LL. also, seal; or cf. LL. politicum, poleticum, polecticum, L. polyptychum, account book …
18Policy book — Policy Pol i*cy, n. [F. police; cf. Pr. polissia, Sp. p[ o]lizia, It. p[ o]lizza; of uncertain origin; cf. L. pollex thumb (as being used in pressing the seal), in LL. also, seal; or cf. LL. politicum, poleticum, polecticum, L. polyptychum,… …
19Policy holder — Policy Pol i*cy, n. [F. police; cf. Pr. polissia, Sp. p[ o]lizia, It. p[ o]lizza; of uncertain origin; cf. L. pollex thumb (as being used in pressing the seal), in LL. also, seal; or cf. LL. politicum, poleticum, polecticum, L. polyptychum,… …
20Policy shop — Policy Pol i*cy, n. [F. police; cf. Pr. polissia, Sp. p[ o]lizia, It. p[ o]lizza; of uncertain origin; cf. L. pollex thumb (as being used in pressing the seal), in LL. also, seal; or cf. LL. politicum, poleticum, polecticum, L. polyptychum,… …
