What does Asset Valuation Reserve mean? Read on to discover the definition & meaning of the term Asset Valuation Reserve - to help you better understand the language used in insurance policies.
Asset Valuation Reserve
Asset valuation reserves (AVR) are financial resources kept by a company for future use, especially in relation to unforeseen financial difficulties. Insurance companies are mandated to have AVR so they can afford to pay claims in the future.
We hope the you have a better understanding of the meaning of Asset Valuation Reserve.