értékbiztosítás

főnév

full

valued policy

noun

Definitions of valued policy

English

a maritime (=connected with the sea, especially in relation to trade or naval matters) insurance policy that states the value of what is insured

Dismissal was granted of all flood loss claims based the Valued Policy Law.

English

an insurance policy that states the value of what is insured

Under a valued policy, the insurer may not go behind the policy and show that the insured's interest is worth less than the amount of the policy.