What does Agreed Value Method mean? Read on to discover the definition & meaning of the term Agreed Value Method - to help you better understand the language used in insurance policies.
Agreed Value Method
A method of valuing property in which the insurer and the insured agree, at the time the policy is being written, on the maximum amount that will be paid in the event of a total loss.
We hope the you have a better understanding of the meaning of Agreed Value Method.