What Does Valuation Mean?

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What does Valuation mean? Read on to discover the definition & meaning of the term Valuation - to help you better understand the language used in insurance policies.

Valuation

Valuation

Valuation is a financial assessment of the worth of an item. In the context of insurance, valuation refers to giving a dollar figure for assets to be insured. This way both the insured and the insurer know how much money the insurer will give to the insured in the event of a covered loss for the asset.

We hope the you have a better understanding of the meaning of Valuation.

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