"Valued Folicy" is a word in LAW AND LEGAL
Valued Folicy
LAW AND LEGAL
Definition:
CY. A policy is called “valued,” when the parties, having agreed upon the value of tbe interest Insured, in or-der to save the necessity of further proof have Inserted the valuation in the policy, in the nature of liquidated damages. 1 Duer, Ins. 97
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Peril
LAW AND LEGAL
The risk, hazard, or contingen-cy insured against by a policy of insurance
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