The Marine Insurance Act, 1963 · The Policy

Section 30 – Unvalued policy

In force Last verified 11 November 2026

30. 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 explained.

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