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Bible Dictionaries
Valued-Policy Law

Webster's Dictionary

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A law requiring insurance companies to pay to the insured, in case of total loss, the full amount of the insurance, regardless of the actual value of the property at the time of the loss.

Bibliography Information
Webster, Noah. Entry for 'Valued-Policy Law'. Noah Webster's American Dictionary. https://www.studylight.org/​dictionaries/​eng/​web/​v/valued-policy-law.html. 1828.
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