Declared Value definition

Declared Value means your assessment of the cost of reinstatement of the property insured (as defined in Basis of settlement - Reinstatement) at the level of costs applying at the inception of the period of insurance (ignoring inflationary factors which may operate subsequently) together with insofar as the insurance by the item provides due allowance for

Declared Value means the assessment by the Insured of the cost of reinstatement of Property Insured arrived at in accordance with paragraph 1ai of the Basis of Settlement Adjustments at the level of costs applying at inception of the Period of Insurance (ignoring inflationary factors which may subsequently operate), together with, to the extent that cover provides, due allowance for

Declared Value means the Insured's assessment of the cost of reinstatement of the property insured arrived at in accordance with the first paragraph of the Reinstatement Value Conditions at the level of costs applying at the inception of the period of insurance (ignoring inflationary factors which may operate subsequently to the fixing of the Declared Value) together with, in so far as the insurance by the item provides, due allowance for:

Examples of Declared Value in a sentence

• At the inception of each period of insurance the Insured shall notify the Insurers of the Declared Value of the property insured by each of the said item(s).

• In the absence of such declaration the last amount declared by the Insured shall be taken as the Declared Value for the ensuing period of insurance.

• Notwithstanding anything to the contrary in Condition 17 of the Policy, it is hereby declared and agreed that the Insured having stated in writing the Declared Value incorporated in such item to which this Memorandum applies, the Premium has been calculated accordingly.

• Where such declaration is not provided by the Insured or is unavailable, the last amount declared by the Insured shall be taken as the Declared Value for the ensuing Period of Insurance.Provided always that nothing in this condition shall apply with respect to the provisions of the ‘Capital Additions, Alterations and Improvements’ clause under ‘Extensions to Section 1’.

• For more information regarding Declared Value, refer to the FAQ on PSA’s website at www.

More Definitions of Declared Value

Declared Value means the Takaful Participant's assessment of the cost of replacement or reinstatement of the property covered arrived at in accordance with the opening paragraph of the Reinstatement Value Clause, at the level of costs applying at the inception of the Period of Takaful (ignoring inflationary factors which may operate subsequently) together with, insofar as the Takaful by the item provides, due allowance for:-

Declared Value means your assessment of the cost of reinstatement of the property insured arrived at in accordance with paragraph 9.1.1 of Standard Clause 9 at the level of costs applying at inception of the period of insurance (ignoring inflationary factors which may operate subsequently) together with, if insured hereby, due allowance for

Declared Value in relation to property means the value of the property as declared in the declaration completed in terms of section 14 by the person who has acquired the property;

Declared Value means your assessment of the cost of reinstatement of the property insured arrived at in accordance with paragraph a i) at the level of costs applying at the inception of the period of insurance. You should ignore any inflationary factors which may operate subsequently. You should also make an allowance for

Declared Value means your assessment of the cost of reinstatement of the property insured in a condition equal to but not better or more extensive than when new at the level of costs applying at the inception of the period of insurance (ignoring inflationary factors which may operate subsequently) together with allowance if required for

Declared Value means the value declared to Insurers as the Insured’s assessment of the Reinstatement Value of the Insured Property, as at the first day of the Period of Insurance Immediately anterior to Damage, without provision for inflation either before or after Damage.

Declared Value for a parameter means the value given by the manufacturer or importer in the technical documentation pursuant to point 2 of Annex IV to Directive 2009/125/EC;