·add. ·- A policy in which the value of the goods, property, or interest insured is specified;
— opposed to open policy.
Is where a value has been set upon the ships or goods insured, and this value inserted in the policy...
The Sailor's Word-Book
·add. ·- A law requiring insurance companies to pay to the insured, in case of total loss, the full ...
Webster's Dictionary of the English Language
·Impf & ·p.p. of <<Value>>. II. Valued ·adj Highly regarded; esteemed; prized; as, a valued contrib...
·noun Civil polity. II. Policy ·noun Motive; object; inducement. III. Policy ·vt To regulate by la...
A written contract, by which the insurers oblige themselves to indemnify sea-risks under various con...
·add. ·- One that covers a group or class of things or properties instead of one or more things ment...
·add. ·- A policy of term insurance. ...
·add. ·- A policy limited to become void at a specified time; — often contrasted with voyage policy...
See policy. ...
Where the amount of the interest of the insured is not fixed by the policy, but is left to be ascert...
An engagement upon interest or no interest; the performance of the voyage in a reasonable time and m...