valued policy (Meaning)
valued policy ()
A policy in which the value of the goods, property, or interest insured is specified; -- opposed to open policy.
Synonyms & Antonyms of valued policy
No Synonyms and anytonyms found
valued policy Sentence Examples
- The valued policy ensured that the insured received the full amount specified in the policy, regardless of the actual cash value of the property.
- The homeowner's valued policy protected him from financial loss even though the house was destroyed beyond repair.
- The insurance company agreed to a valued policy, which guaranteed a payout of $2 million in the event of a total loss.
- The business's valued policy provided peace of mind, as it protected against potential financial ruin in case of a fire or other disaster.
- The company's decision to purchase a valued policy demonstrated their commitment to valuing their assets.
- The valued policy ensured that the business owner would receive fair compensation in case of a covered loss.
- The insurance broker recommended a valued policy to protect the client's valuable collection of artwork.
- The valued policy offered a unique advantage, as it allowed the insured to recover the agreed-upon value without having to prove the actual loss.
- The insurance policy included a valued policy clause, which promised to pay a certain amount in the event of a property loss.
- The valued policy helped the insurance company assess the risk and provide appropriate coverage for the insured's valuable assets.
FAQs About the word valued policy
A policy in which the value of the goods, property, or interest insured is specified; -- opposed to open policy.
No synonyms found.
No antonyms found.
The valued policy ensured that the insured received the full amount specified in the policy, regardless of the actual cash value of the property.
The homeowner's valued policy protected him from financial loss even though the house was destroyed beyond repair.
The insurance company agreed to a valued policy, which guaranteed a payout of $2 million in the event of a total loss.
The business's valued policy provided peace of mind, as it protected against potential financial ruin in case of a fire or other disaster.
