Definitions for "Agreed Valuation"
The value of a shipment agreed upon to give the shipper a specific rating and the carrier a definite liability.
The value of a shipment that is agreed upon by both the shipper and the carrier to define the freight rate and/or the liability of the carrier.
The value of a shipment agreed upon in order to secure a specific freight rate.
This is whereby a set value that is declared for a vehicle is paid rather than the market value by the insurer, usually within the classic car insurance.
In certain circumstances an insurer may agree to insure a vehicle for a declared value from the outset, as opposed to paying the market value following a claim. This will usually relate to classic cars and Endsleigh do not offer any agreed valuation policies.