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单词 valuation method
释义

valuation method

Definition
Means employed by an adjuster to determine the occurrence of a loss and affixing a monetary value to it before processing a claim. The adjuster must establish that (1) the insured actually suffered a monetary loss, (2) the loss was covered in the insurance policy, (3) the monetary value of the loss or damage, and (4) estimated cost of repair or replacement.
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更新时间:2025/2/2 14:27:44