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:
- 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) ...
- 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.
- 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.
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...