MARINE INSURANCE ACT 1909 - SECT 34 Unvalued policy
MARINE INSURANCE ACT 1909 - SECT 34
Unvalued policy An unvalued policy is a policy which does not specify the value
of the subject - matter insured, but, subject to the limit of the sum insured,
leaves the insurable value to be subsequently ascertained, in the manner
hereinbefore specified.