What does Agreed Amount Form mean? Read on to discover the definition & meaning of the term Agreed Amount Form - to help you better understand the language used in insurance policies.
Agreed Amount Form
Agreed amount form is a property insurance policy that specifies the exact amount the policyholder will receive in case of damage or loss of the property insured. It is renegotiated during the renewal period of the policy to reassess what amount is agreeable to the parties.
We hope the you have a better understanding of the meaning of Agreed Amount Form.