Valued policy,
Definition of Valued policy:
Insurance contract (such as a life insurance policy) that pays a specified amount irrespective of the extent of loss, and without making any allowance for appreciation or depreciation. Also called valued contract.
An insurance policy in which a special amount, estimated and agreed when the policy is issued, is payable in the event of a valid claim being made, whatever the actual value of the claim may be.
Meaning of Valued policy & Valued policy Definition
Valued Policy,
Valued Policy: What is the Meaning of Valued Policy?
Valued Policy refers to The policy pays a default loss which is independent of the actual loss. It is mainly used in life and death insurance.
A policy in which the insurer pays a certain amount to the policyholder or from the policyholder in case of permanent loss. The amount of money does not depend on the amount of damage. Life insurance is an example.
Valued Policy can be defined as, Insurance that pays a fixed amount regardless of the insured loss. For example, life insurance, health insurance or hospital insurance.
Definition of Valued Policy: Insurance in which the insurer promises protection from loss, damage, etc. Insured items, such as:
Valued Policy means: The law requires the insurance company to pay the policyholder the full amount of the policy in the event of a complete write-off. This value is sometimes called the consensus value.
Valued Policy can be defined as, An insurance contract, the price of which is agreed in advance and is free from the cost of the insured claim.
You can define Valued Policy as, It pays the default loss which is independent of the actual loss and is mainly used in life and death insurance.
Literal Meanings of Valued Policy
Valued:
Meanings of Valued:
Considered important or useful.
Sentences of Valued
Dear friend
Policy:
Meanings of Policy:
A mechanism of action adopted or proposed by a government, political party, company or individual.
Illegal lottery or number game.
Sentences of Policy
Controversial economic policy management
Synonyms of Policy
programme, stratagem, proposed action, code, strategy, approach, system, attitude, intentions, schedule, blueprint, scheme, guidelines, stance, theory, position, line, notions, plans
Valued Policy,
Valued Policy Definition:
Valued Policy can be defined as, The policy pays a default loss which is independent of the actual loss. It is mainly used in the life and insurance industry.
The definition of Valued Policy is: A policy in which the insurer pays a certain amount to the sick person or to the insured in case of permanent loss. The amount does not depend on the amount of damage. Life insurance is an example.
Insurance that pays a fixed amount regardless of the insured loss. For example, a life insurance policy, a critical illness policy or a health insurance policy.
Literal Meanings of Valued Policy
Valued:
Meanings of Valued:
See (someone or something) as important or useful for good feedback.
Synonyms of Valued
appraise, think much of, favourite, hold in high esteem, evaluate, prize, treasured, appreciated, assay, set (great) store by, esteem, special, cherish, dear, put/set a price on, highly regarded, cherished, estimate, cost (out), esteemed, rate (highly), price, prized, assess
Policy:
Meanings of Policy:
An act or principle of action adopted or proposed by an organization or individual.
Synonyms of Policy
way, mode, style, tack, custom, rule, convention, matter of course, wont, practice, procedure, pattern, routine
Valued Policy,
What Does Valued Policy Mean?
Valued Policy means: The policy pays a default amount which is independent of the actual loss. It is mainly used in the field of life and insurance.
A policy in which the insurer pays or a certain amount of money in case of certain loss by the policyholder. The amount of money does not depend on the amount of damage. Life insurance is an example.
Insurance that pays a fixed amount regardless of the insured loss. For example, a life insurance policy, a serious illness policy or a health insurance policy.
You can define Valued Policy as, The law requires the policyholder to pay the full amount of the policy in the event of a complete write-off. This value is sometimes called the consensus value.
Literal Meanings of Valued Policy
Valued:
Meanings of Valued:
Seeing (someone or something) as important or useful for having a good opinion.
Synonyms of Valued
hold in high regard, worth its/one's weight in gold, have a high opinion of, think highly of, precious, admire, respect, respected, well thought of, attach importance to, hold dear
Policy:
Sentences of Policy
The government's controversial economic policy
