The 'Lectric Law Library's Lexicon On
* Valuation Clause *

VALUATION CLAUSE - The clause in the Marine Policy that contains a fixed basis of valuation agreed upon by the Assured and the Underwriter and which establishes the insured value of the merchandise. The Clause determines the amount payable under any recoverable loss or General Average contribution.

Need a Lawyer? Check Out The 'Lectric Law Library's Searchable Attorney Directory
& our Searchable Expert Witness Directory

Back To The Letter * V *

  The Lexicon's Lyceum Other Letters' Terms & Important Info.
  The Reference Room Dozens Of Legal Topic Areas
  The Rotunda Our Central Hub, Directory & Index

Search by
	Web Search Search the Library

Court, Business and Personal Forms for all Situations and Locations

(This should open a new window. Close it when you're done and you may be back here.)