unvalued policy

unvalued policy An insurance policy for property that has a sum insured shown for each item although the insurers do not acknowledge that this figure is its actual value. As a result, if a claim is made the insured must provide proof of the value of the item lost, damaged, or stolen before a payment will be made. The policy may have a maximum specified payment. Comparevalued policy.

• non-equity share
• non-executive director
• non-marketable securities
• non-monetary advantages and disadvantages
• non-negotiable instruments
• non-participating preference share
• non-personal communication channel
• non-price competition
• non-probability sampling
• non-production overhead costs
• nonprofit marketing
• nonprofit organization
• non-qualifying policy
• non-resident
• non-revolving bank facility
• non-sampling errors
• non-statutory accounts
• non-systematic risk
• non-tariff office
• non-tariff trade barrier
• non-taxable income
• no par value capital stock
• normal distribution
• normal loss
• Normal Market Size