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What does Agreed Value coverage mean?

agreed coverage mean value
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What does Agreed Value coverage mean?

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Our policies are automatically written on an Agreed Value basis. This means that as long as your horse was worth its insured value at any time during the policy period, that is the amount you will be paid in the event of an approved claim. Other companies may write on an Actual Cash Value basis which means you would only be paid what your horse was worth at the time of its death.

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