Valued Policy

Defined in 6 dictionaries — Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910), Kinney (1893), Stimson (1881)

The Cyclopedic Law Dictionary

Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

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."

Ballentine's Law Dictionary

James A. Ballentine · 1916

An insurance policy wherein the parties agree on the value of the property insured. See 3 Rich. (S. C.) 331, 45 Am. Dec. 771.

Bouvier's Law Dictionary and Concise Encyclopedia

John Bouvier; revised by Francis Rawle · 1914

See Policy.

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

A pollcy is called Valued," when the parties, having agrced upon the value of the interest insured, in order to save the necessity of further proof have inserted the valuation in the pollcy, In the nature of liquidated damages. 1 Duer, Ins. 97.

A Law Dictionary and Glossary

George C. Kinney · 1893

A policy of insurance expressing the value which has been s St on the property insured, in the nature of liquidated damages.

Glossary of Technical Terms, Phrases, and Maxims of the Common Law

Frederic Jesup Stimson · 1881

v. Policy. Value of the marriage: v. Marriage.