The amount for which you and your insurer agree to insure your motor vehicle. You might choose this if your vehicle is fairly new, has modifications, is in better-than-normal condition or has extras n [..]

An amount that we agree to insure your vehicle for which is shown on your Certificate of Insurance. The agreed value includes all relevant statutory charges, GST and taxes.

If this is the valuation method for your insurance policy then this will often be the maximum amount the insurer will pay out on claims. It is the value your vehicle will be insured for as agreed upon by you and your insurer.

A vehicle value agreed upon by both you and the insurer for the purpose of establishing a compensation limit (vehicle write-off). This value is usually fixed until the policy is subject to renewal.

An agreed upon amount determined between yourself and your insurer that your car is covered for during the length of your policy.

With our comprehensive policies you can choose whether to insure your car for an Agreed Value or the Market Value. The Agreed Value is the amount we agree to insure your vehicle for during each term of insurance and the Market Value is the cost to replace the car with one of the same at the time of claim.

A type of policy available for collectible, antique or custom vehicles that do not depreciate in value as the average car does.   At the inception of your policy, you and your insurance company come t [..]

The ‘agreed value’ is the sum reimbursed to you in the event of a total loss (if your vehicle is stolen or written off). The underwriters will have agreed this value at the time your insurance cover c [..]

A policy available for collectible, custom or antique vehicles that do not depreciate in value as the average car does. When your policy is written, you and your insurance company come to an "agreed value" of what will be paid out in the event of a total loss instead of actual cash value.

The amount for which we agree to insure your vehicle. We work out the amount based on the fair value given for your vehicle’s make and model.

instead of a vehicle's value being determined by ‘Market Value' it is instead agreed before the insurance contract is formed and is the amount that will be paid if the vehicle were a total l [..]

The value of the insured items is agreed by you and the underwriters at the start of the period of insurance. This value then applies at the time of a claim.

The amount we agree as the sum insured for any item which is the subject of an insurance policy. This is always shown in the insurance policy schedule.

Car insurance policies are based on either 'agreed' or 'market' value. An agreed value policy has a set dollar value for your vehicle. Market value policies value your car based on [..]

The value the vessel or merchandise is said to be worth.

The Agreed Value is the fair market value of the vessel that is agreed upon between the insured and the insurance carrier. Under Agreed Value policies, if there is a total loss, then the full agreed value is paid without any depreciation. When there is a partial loss, the company will replace old equipment with new to bring the vessel back to its&# [..]

When you take out or renew your insurance policy, we agree on a value your boat, personal watercraft or classic car is worth. If we agree your boat is worth $10,000 and it is declared a total loss after an accident or theft, we’ll pay you $10,000. There’s no complicated formula involving the effects of age, wear and tear that will make a total loss [..]

A car’s agreed value is set at the beginning of each period of cover. It is based on the fair value given then for the cars make and model in the motor trade’s most commonly accepted price handbook. T [..]

Determined and agreed upon by both owner and insurance underwriter at the time the policy is purchased. The BoatUS Yacht and Bass Boat policies are Agreed Value policies.

The value of an insured item, agreed between an Insured and the Insurer at the beginning of a period of cover, which does not change throughout the period of cover

An agreement that the limit of insurance will be considered adequate to meet the coinsurance requirement. This agreement may be in the form of an endorsement or may be built into the policy language.

(Usually associated with motor vehicle insurance) A car’s agreed value is set at the beginning of each period of cover. It is based on the fair value given for the cars make and model in the motor tra [..]

The value of an insured item, agreed between an Insured and the Insurer at the beginning of a period of cover, which does not change throughout the period of cover.