🇨🇳Chinese Source WordCode: ZH

估值保单

Pronunciation / Transliteration: gūzhí bǎodān

🇬🇧 Direct English Meaning:
Valued Policy/ˈvæl.juːd ˈpɒl.ɪ.si/
nounCEFR C1 (Advanced)Top #15000 frequency
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🇨🇳 Example Sentence in Chinese:

"这份估值保单确保在损失时获得全额赔偿。"

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    An insurance policy that pays a specified amount in the event of a loss, regardless of the actual cash value of the insured item.

    "The homeowner opted for a valued policy to ensure full compensation in case of fire damage."
  2. 2

    A policy that guarantees a predetermined amount of coverage for a specific item or property.

    "Under the valued policy, the antique vase was insured for $10,000."

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Linguistic Origin & Historical Etymology

The term 'valued policy' originates from the insurance industry, where 'valued' refers to the agreed-upon value of an insured item, and 'policy' comes from the Latin 'politia', meaning 'government' or 'administration', evolving to denote a contract of insurance in the 18th century.

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