valued policy

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Related to Valued Policies: Valued Policy Law, Insuring Agreement

val·ued policy

 (văl′yo͞od)
n.
An insurance policy requiring the insurer to pay the insured the full face value of the policy in the event of total loss, regardless of the actual value of the lost property.

valued policy

n
(Insurance) an insurance policy in which the amount payable in the event of a valid claim is agreed upon between the company and policyholder when the policy is issued and is not related to the actual value of a loss. Compare open policy
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Based on Artificial Intelligence, the Warranty Quote Engine Analyzes a Vehicle's and Owner's Characteristics and Weighs This Against Thousands of Extended Auto Warranty Policies Based on Price, Coverage, Term and Options to Determine the Best Valued Policies for the Consumer
Based on artificial intelligence, the quote engine analyzes a vehicle's and owner's characteristics and weighs this against thousands of security policies based on price, coverage, term, and options to determine the best valued policies for the consumer.