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The agreed value is based on the saleable value of the insured property. The insured cannot contest or alter the coverage amount, which is agreed upon by both insured and the insurer based on the value of the property.
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Business Income Coverage — As its name suggests, agreed value is a property value that you and your insurer agree upon at the beginning of your Understanding Agreed... · What's Coinsurance? · Timing of the Coinsurance...
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Key Takeaways · The agreed amount clause is a property insurance provision through which the insurer agrees to waive the coinsurance
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Agreed value is usually an optional coverage on a commercial property form that provides an amount that the insured and insurer agree the