Insured Value definition

Insured Value. The amount You receive under the Comprehensive Motor Insurance in respect of the Insured Vehicle, as a result of a Total Loss at the Date of Loss, of the Insured Vehicle.
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Insured Value means the maximum value of an insurable crop for which an indemnity can be paid, as established for insurance purposes and stated on a per unit, insurable crop or plan basis;
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Insured Value means the maximum value of insurable livestock or livestock products for which an indemnity can be paid, as established for insurance purposes and stated on a per unit, insurable crop or insurance plan basis;
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Examples of Insured Value in a sentence

  • It is the mutual intention of the parties to exclude risks, other than Offices, Hotels, Apartments, Hospitals, Educational Establishments and Public Utilities (except Railroad Schedules), and Builders Risks on the above classes, where at the time of cession, the Total Insured Value over all interests exceeds $250,000,000.

  • If the Finance Early Settlement Amount is greater than the Purchase Price of Your Vehicle, We will pay the difference – up to the Sum Insured – between the Insured Value and the Finance Early Settlement Amount.

  • The deductible shall not be greater than five percent (5%) of the Total Insured Value (TIV).

  • Any actions taken in Your name regarding the Insured Value will not affect the payment of a claim under Your policy.

  • Within 45 days following the expiration of this Contract, the Company shall provide the Reinsurer with a report showing the Company’s final Total Insured Value.


More Definitions of Insured Value

Insured Value has the meaning set out in paragraph 1(a) of Schedule IV.
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Insured Value means the amount which is equal to (i) if the Property is comic books, the average of the prices for Similar Merchandise as determined by the Insurer as set out in the annual edition for the Applicable Canadian Tax Year of the following publications: The Overstreet Comic Book Price Guide, Comic Buyer’s Guide, and Comic Book Check List and Price Guide, (ii) if the Property is trading cards, the average of the prices for Similar Merchandise as determined by the Insurer as set out in the annual edition for the Applicable Canadian Tax Year of the following publications: The Sports Cards Magazine & Price Guide, Tuff Stuff Price Guide, Becket Baseball Card Monthly Becket Publications, and (iii) if the Property is educational supplies or medical supplies, the lesser of (a) the Appraised Value of the Property, and (b) the lowest price generally available to the Government of Canada from major Canadian retailers or distributors for Similar Merchandise during the Applicable Canadian Tax Year as determined by the Insurer;
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Insured Value means, with respect to any Asset other than a Part-Out Asset in any year, 105% of the Allocable Debt Balance for such Asset as of January 1 of that year.
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Insured Value means the amount specified in the most recently dated Schedule as being the value of the Boat(s) insured.
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Insured Value with respect to the Aircraft means the amount specified in Schedule 12.
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Insured Value defined in Annex B to the Mortgage.
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Insured Value means the amount You received under Your Motor Insurance Policy in respect of the Insured Vehicle as a result of a Total Loss, or the Market Value of the Insured Vehicle by reference to the Glass’s Guide retail Value at the Date of Loss (whichever is the greater).
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