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What are valued policy laws?
By FC&S EditorsValued policy laws generally apply only to buildings and structures, and only to losses due to perils specified in the law.
News and information for property & casualty insurance agents and brokers on commercial lines insurance, including commercial property, D&O, E&O, Environmental, construction, employee practices liability, EPLI, business owners’ policy (BOP), general liability, crime, business interruption, cyber, equipment breakdown insurance, workers’ compensation, employee benefits, small business insurance, medical malpractice, fire and flood coverage, among other important types of coverage.
Valued policy laws generally apply only to buildings and structures, and only to losses due to perils specified in the law.