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Valued Marine Policy

What is 'Valued Marine Policy'

A type of insurance coverage that places a specific value on the insured property, such as the hull or cargo of a shipping vessel. A valued marine policy pays up to, or in its entirety, the specified value in the event of a total loss. It differs from an unvalued marine policy where the value of the property would be determined following the event of a loss. Marine insurance provides coverage against losses sustained by ships, cargo and terminals.

Explaining 'Valued Marine Policy'

The value is determined ahead of time in a valued marine policy, and there is generally no reassessment or revaluation necessary in the event of an insured event or loss. A valued policy pays a pre-determined amount regardless of the extent of the damages, as long as it is considered a total loss. It is important to note that if the insured item depreciates in value, it will not affect the amount which can be claimed in the event of a total loss. The same is also true if the value of the item appreciates - the insured is unable to receive any addition damages based on the increase value of the item.


Further Reading


Communicating research on the economic valuation of coastal and marine ecosystem services
www.sciencedirect.com [PDF]
… v) being original or undertaking meta-analyses, vi) estimating any type of value (ie use … ecosystems have been analysed, which can be viewed as representative of the valuation work that … papers have been analysed according to their study object; the ES being valued, which has …

Creation of a gilded trap by the high economic value of the Maine lobster fisheryCreation of a gilded trap by the high economic value of the Maine lobster fishery
conbio.onlinelibrary.wiley.com [PDF]
… v) being original or undertaking meta-analyses, vi) estimating any type of value (ie use … ecosystems have been analysed, which can be viewed as representative of the valuation work that … papers have been analysed according to their study object; the ES being valued, which has …

Progress and challenges in valuing coastal and marine ecosystem servicesProgress and challenges in valuing coastal and marine ecosystem services
academic.oup.com [PDF]
… v) being original or undertaking meta-analyses, vi) estimating any type of value (ie use … ecosystems have been analysed, which can be viewed as representative of the valuation work that … papers have been analysed according to their study object; the ES being valued, which has …

Is economic valuation of ecosystem services useful to decision-makers? Lessons learned from Australian coastal and marine managementIs economic valuation of ecosystem services useful to decision-makers? Lessons learned from Australian coastal and marine management
www.sciencedirect.com [PDF]
… v) being original or undertaking meta-analyses, vi) estimating any type of value (ie use … ecosystems have been analysed, which can be viewed as representative of the valuation work that … papers have been analysed according to their study object; the ES being valued, which has …

Mitigating damages from coastal wetlands development: policy, economics and financingMitigating damages from coastal wetlands development: policy, economics and financing
www.journals.uchicago.edu [PDF]
… v) being original or undertaking meta-analyses, vi) estimating any type of value (ie use … ecosystems have been analysed, which can be viewed as representative of the valuation work that … papers have been analysed according to their study object; the ES being valued, which has …

Shark-diving tourism as a financing mechanism for shark conservation strategies in MalaysiaShark-diving tourism as a financing mechanism for shark conservation strategies in Malaysia
www.sciencedirect.com [PDF]
… v) being original or undertaking meta-analyses, vi) estimating any type of value (ie use … ecosystems have been analysed, which can be viewed as representative of the valuation work that … papers have been analysed according to their study object; the ES being valued, which has …

Valuing Marine Ecosystems-Taking into account the value of ecosystem benefits in the Blue EconomyValuing Marine Ecosystems-Taking into account the value of ecosystem benefits in the Blue Economy
osf.io [PDF]
… v) being original or undertaking meta-analyses, vi) estimating any type of value (ie use … ecosystems have been analysed, which can be viewed as representative of the valuation work that … papers have been analysed according to their study object; the ES being valued, which has …

Sustainable financing for ocean and coastal management in Jamaica: The potential for revenues from tourist user feesSustainable financing for ocean and coastal management in Jamaica: The potential for revenues from tourist user fees
www.sciencedirect.com [PDF]
… v) being original or undertaking meta-analyses, vi) estimating any type of value (ie use … ecosystems have been analysed, which can be viewed as representative of the valuation work that … papers have been analysed according to their study object; the ES being valued, which has …

Valuing recreational benefits of coral reefs: the case of Mombasa Marine National Park and Reserve, KenyaValuing recreational benefits of coral reefs: the case of Mombasa Marine National Park and Reserve, Kenya
link.springer.com [PDF]
… v) being original or undertaking meta-analyses, vi) estimating any type of value (ie use … ecosystems have been analysed, which can be viewed as representative of the valuation work that … papers have been analysed according to their study object; the ES being valued, which has …


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