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[V009]

valued policy

A policy in which the company agrees that the property insured is worth the amount of insurance and, therefore, in the event of total loss, pays the face value of the policy without need for proof of the value at that time.

Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100

Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100

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