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Agreed Amount Clause |
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Agreed Amount Clause A clause in a property insurance contract stating that if an insured event occurs, the insurance company will pay either the amount to repair or replace the property or a set maximum, which is called the agreed amount. In general, a policyholder pays a higher premium for a higher agreed amount. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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