anamountthat aninsurancecompanyagreestoinsureapropertyfor at thestartof aninsuranceperiod, and that it willpayif thepropertyislostordestroyed:Marineinsurancepoliciescan eitherspecifyanagreedvalueorspecifythat avaluebedeterminedwhen aclaimis made.agreedvaluecoverage/option/provisionSee alsomarket valueComparestated value(Definition ofagreed valuefrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofagreed value
agreed valueTheagreedvalueof transaction was 885 million.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.For this reason, many insurers offeragreedvaluecover for owners of classic vehicles, which guarantees a set financial sum in the event of a total loss.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Each player is provided with three or four dozen counters bearing anagreedvalue.FromProject GutenbergWhat was theagreedvalueor the stock value?From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Individual farmers who have claimed compensation for flood damage from their local flood relief fund will be compensated to theagreedvalueof their net loss not otherwise assisted.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0The contract contains a list of agreed values for parameters, establishing the terms and conditions for the delivery of the service.From theCambridge English CorpusDistrict valuers are normally expected to report agreed values within 13 weeks of receiving instructions from the inspector of taxes, unless there are particular difficulties.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/agreed-value##
