Market Value Clause

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August 25, 2024 4 min read Definitions

Market Value Clause: Provision in Property Insurance

Insurance Finance Market Value Clause Property Insurance Insurance Clauses Financial Terms Market Value

The Market Value Clause is a provision in property insurance that establishes the amount for which an insured must be reimbursed for damaged or destroyed property according to the price a willing buyer would pay for the property purchased from a willing seller, as opposed to the actual cash value of the damaged or destroyed property.

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