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Tag: agreed value

Balanced scale comparing property values and various valuation methods in insurance policies

Valuation Clauses in Insurance Policies: Understanding Replacement Cost, Actual Cash Value, and Agreed Value

September 4, 2025 FinanceFacts101 Insurance

What is a Valuation Clause? A valuation clause refers to the terms in an insurance policy that outline how a provider determines the amount to pay out in the event of a claim for insured property. This clause comes with different methods, including replacement cost, actual cash value (ACV), agreed

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