Valued Policy

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

Browse or run a search for Valued Policy in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Valued Policy in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Valued Policy in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

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Valued Policy in the Dictionary Valued Policy in our legal dictionaries
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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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