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Home » What is agreed value in Insurance

What is agreed value in Insurance

December 14, 2023
Bargain Insurance Connection

What is Agreed Value in Insurance?

Agreed value is a critical term in an insurance policy that refers to a pre-determined value for an insured item. It is the amount mutually agreed upon by both the insurer and the policyholder at the inception of the policy. In case of a total loss, such as if the insured item is destroyed or […]

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