·Impf & ·p.p. of Value.
II. Valued ·adj Highly regarded; esteemed; prized; as, a valued contributor; a valued friend.
·add. ·- A policy in which the value of the goods, property, or interest insured is specified; — op...
Webster's Dictionary of the English Language
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 ...