valuation method
Definition
Means employed by an adjuster to determine the occurrence of a loss and affixing a monetary value to it before processing a claim. The adjuster must establish that (1) the insured actually suffered a monetary loss, (2) the loss was covered in the insurance policy, (3) the monetary value of the loss or damage, and (4) estimated cost of repair or replacement.
valuation method is in the General, Marine, & Life Insurance subject.
valuation method appears in the definitions of the following terms: sales multiple, inventory value, inventory, specific identification method, capitalization factor, asset approach, cost method, weighted average cost of inventory and replacement cost method
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