insured value
Protected monetary worth
Insured value is the monetary amount for which something is covered by an insurance policy.
This figure determines the maximum payout if the item is lost, damaged, or destroyed: The insured value of the painting was three million dollars.
Insured value may differ from market value or replacement cost, depending on the policy terms.
- policy limitMaximum claim payment allowed
- coverageExtent of inclusion
- property damageHarm to possessions
- premiumAdded cost for better
- appraisalEstimation of worth
out of pocket · terms and conditions · depreciation · risk assessment · underwriter · liability · policyholder · riders · exclusions · mitigation · surety bond · claims · exposure · loss prevention · endorsements · grace period · waiting period · total loss
- insurancecoverage, underwriting, premium, claims, policyholder
- Valuationmarket cap, market capitalization, estimate, worth, market price
- Marine Insuranceunderwriter, salvage, Lloyd's, subrogation, total loss
- property insurancehurricane coverage, property coverage, hail damage, property damage, coverage limits
insured valuemarket value
Current trading price
fair market value · salvage value · scrap value · sentimental value · real value
insure, insured, insurer, insurers, insurance, insuring, uninsured, reinsure, reinsured