What is the definition of Valued-policy law? | Dictionary.net

VALUED-POLICY LAW

\vˈaljuːdpˈɒlɪsi lˈɔː], \vˈaljuːdpˈɒlɪsi lˈɔː], \v_ˈa_l_j_uː_d_p_ˈɒ_l_ɪ_s_i l_ˈɔː]\

Definitions of VALUED-POLICY LAW

2010 - New Age Dictionary Database
1913 - Webster's Revised Unabridged Dictionary

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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.

2010 - New Age Dictionary Database
By Oddity Software

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.

1913 - Webster's Revised Unabridged Dictionary
By Noah Webster.

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