What does Valuation Method mean? Read on to discover the definition & meaning of the term Valuation Method - to help you better understand the language used in insurance policies.
A valuation method, in the context of insurance, refers to the means by which insurance adjusters calculate the monetary value of losses reported in a claim. This helps the insurance company determine the validity of a claim and the estimated amount of covered losses or damages.
We hope the you have a better understanding of the meaning of Valuation Method.