Legal Definition and Related Resources of Valued Policy
Meaning of Valued Policy
A policy of insurance is said to be a valued policy where the sum payable in the event of a loss is fixed and is expressed in the policy itself.
Valued Policy Alternative Definition
A valued policy is one where the value has been set on the ship or goods insured, and this value has been inserted in the policy in the nature of liquidated damages, to save the necessity of proving it in case of loss. 1 Bouv. Inst, note 1230. See “Policy.”
Related Entries of Valued Policy in the Encyclopedia of Law Project
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Valued Policy in Historical Law
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Legal Abbreviations and Acronyms
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Valued Policy in the Dictionary | Valued Policy in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Valued Policy |
Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
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Related topics | Valued Policy in the World Encyclopedia of Law |
Notice
This definition of Valued Policy is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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Valued policy in Law Enforcement
Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of valued policy.
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See Also
- Law Enforcement Officer
- Police
- Law Enforcement Agency
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