amount stated

English - Turkish

Definition of amount stated in English Turkish dictionary: miktarı belirtilen

English - English

Definition of amount stated in English English dictionary
stated amount: Relating to an agreement by the insurance company to pay a specified amount of money to or on behalf of the insured upon the occurrence of a defined loss See Reimbursement benefit
stated amount: Amends the valuation clause on a policy to include an amount that is "stated" as the value of the item(s) being insured Usually, these policies pay the lesser of the ACV of the damaged property, the cost of repairing or replacing the property, or the stated amount
stated amount: In your policy, you may choose to cover certain items for a specific amount In the event of loss, the insurer pays the stated amount regardless of the property's actual value If, for example, you insured a painting for a stated amount of $15,000, in the event of theft you would recover the $15,000 (minus your deductible), even if the painting had accrued value after the policy had been signed
stated amount: The coverage amount originally selected by the Policy Owner used to determine the Death Benefit
stated amount: An agreed amount of insurance which is shown on the policy, and which will be paid in the event of total loss regardless of the actual value of the property

amount stated

Hyphenation

a·mount sta·ted

ımaunt steytıd

/əˈmount ˈstātəd/ /əˈmaʊnt ˈsteɪtəd/

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