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Thesaurus: valued-policy law
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.
Related headwords
insurancedefinitionlossdefinitionvaluedefinitionactualdefinitionamountdefinitioncompaniesdefinitionfulldefinitioninsureddefinitionlawdefinitionpaydefinitionpropertydefinitionregardlessdefinitionrequiringdefinitiontimedefinitiontotaldefinitioncasedefinitionincasedefinitionvalue-added taxfamilyvalue-componentsfamilyvalue-judgementsfamilyvalue-judgmentsfamilyvalue-orientationsfamilyvalue-positionsfamilyvalue-systemfamilyvalue-systemsfamilyvaluedfamilyvalued policyfamilyvaluelessfamily
Definitions
- 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.
- A law requiring insurance companies to pay to the insured, incase of total loss, the full amount of the insurance, regardless ofthe actual value of the property at the time of the loss.