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market value clause

Part of an insurance policy which stipulates that the insurance provider must compensate an insured (following an insured loss) for an amount equal to the current generally accepted price of a property.

Related information about market value clause:
  1. market value clause - Insurance Glossary
    market value clause - A property insurance endorsement or provision establishing market value (rather than actual cash value (ACV) or replacement cost (RC) ...
     
  2. Market Value Clause: Definition from Answers.com
    Provision of property insurance that establishes the amount for which an insured must be reimbursed for damaged or destroyed property according to the.
     
  3. What is market value clause? - BusinessDictionary.com
    Definition of market value clause: A clause that obligates the insurer to pay the proven market price of destroyed property, rather than its cost to the insured.
     
  4. What is market value clause? - InvestorWords.com
    Definition of market value clause: Part of an insurance policy which stipulates that the insurance provider must compensate an insured (following an insured ...
     
  5. Market value clause - Merriam-Webster Online
    an insurance clause providing for payment of a loss to goods at market value rather than manufacturing cost. This word doesn't usually appear in our free ...
     
  6. What is MARKET VALUE CLAUSE? - The Law Dictionary
    Definition of MARKET VALUE CLAUSE: Rather than reimburse the insured for cost, this is an Insurer's obligation, as a clause, to pay a destroyed property's ...
     
  7. market value clause - Business Definition
    market value clause definition: A property insurance provision that obligates an insurance company to reimburse an insured loss for the current market value of ...
     
  8. Market Value Clause - Definition of the Insurance Term Market ...
    Market Value Clause - A provision in certain property insurance forms that obligates an insurer to pay the established market price of destroyed or damaged ...