What does Valued Clause mean? Read on to discover the definition & meaning of the term Valued Clause - to help you better understand the language used in insurance policies.
A valued clause is a clause in an insurance contract that states the exact amount that the insurer will pay for certain specific losses. In the event of a loss, items that have a defined value in a valuation clause will receive the stated compensation, regardless of their actual cash value at the time of the loss.
We hope the you have a better understanding of the meaning of Valued Clause.