Valued Policy

A policy that pays a pre-agreed amount on a total loss, no depreciation math. Some states require it on total-loss home fires.

This is a friendly general explanation, not legal or policy language. Exact coverage depends on your policy, carrier, and state. 🤝

Written and reviewed by the We Insure Things team — licensed independent insurance agents. Last reviewed July 23, 2026. Questions? Ask a licensed agent.