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

  • If you declare a higher value for an Asset, we may rely on and use your Declared Value for calculating your storage fees.

  • Additional declared values beyond $100 will be charged a Declared Value fee per $100 or part thereof.

  • Compensation depends on the Declared Value (which the User inputs into the system) or the actual cost (on the invoice or receipt), whichever is lower.

  • Under no circumstance xxxx Xxxxx’x Liability for loss of or damage to Property exceed the lesser of the Declared Value or the actual monetary value of the Property as of the date of loss.

  • For any shipment with Declared Value in excess of the limit of declared value published on the official website of SF, the Shipper agrees that SF is entitled for additional charges in accordance with SF’s charging standards.


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 the Insured’s assessment of the cost of reinstatement of the Property Insured arrived at in accordance with Extension 7A(a) at the level of costs applying at the inception of the Period of Insurance (ignoring inflationary factors which may operate subsequently) together with in so far as the insurance by the item provides, due 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.