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Valuation Clause

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Valuation Clause
Stipulates a fixed sum for insured property in the event of loss when included in a marine cargo insurance policy.

Valuation Clause
A provision in some insurance policies stating the amount of money the insurer will pay the policyholder if the insured event occurs. That is, the valuation clause states that the insurance company will pay a fixed amount, neither more nor less, under the circumstances described in the policy.


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And the centre-half demanded that a valuation clause was put into his contract in case a major club comes in for him.
But Paladini has now revealed the 25-year-old will only be allowed to speak to interested parties if they meet a pounds 3million minimum valuation clause in his contract.
In order to more accurately establish policy limits, it is imperative that the maximum single-job completed value (projected at completion) be established according to the terms of the valuation clause (materials, labor, profit and overhead, for example).
 
 
 
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