Glossary · coverage
Agreed Value
Policy coverage at a pre-established value, not current market value.
Common on scheduled personal property. The agreed value is paid on total loss regardless of depreciation. Valuable for antiques, art, and collectibles.
In practice
Where you encounter "Agreed Value"
Policyholders see "Agreed Value" referenced in policy language, claim correspondence, and scope documents. Knowing the precise definition under Florida practice keeps you from accepting carrier framing. See FS 626.854 on public adjuster representation and FS 627.70131 on carrier duties.
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Know these too
Related terms
Appurtenant Structures
Structures on your property attached or functionally related to the main dwelling.
All-Other-Perils Deductible
The standard flat-dollar deductible for non-hurricane/storm perils.
Blanket Coverage
A single limit applies across multiple locations or coverage categories.
Builder's Risk
Insurance for property under construction.
Business Interruption
Coverage for lost income when property damage halts business.
Coinsurance
Penalty for underinsurance at loss time.
Know the law
Related statutes
FS 626.854 Public Adjusters
Your representation rights.
FS 627.70131 Carrier Duties
Statutory deadlines.
FS 627.70132 Notice
When you must file.
FS 627.7142 Bill of Rights
Homeowner claim bill.
FS 626.9744 Matching
Reasonable matching requirement.
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- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
What kind of damage?
Pick the closest match. We will ask for details later.
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Glossary
Related insurance terms
Make Whole Doctrine
Related glossary entry: Make Whole Doctrine.
Hold Harmless Agreement
Related glossary entry: Hold Harmless Agreement.
Agreed Scope
Related glossary entry: Agreed Scope.
Coverage B
Related glossary entry: Coverage B.
Debris Removal
Related glossary entry: Debris Removal.
Recorded Statement
Related glossary entry: Recorded Statement.
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Your policy says more than you think. Find out what you are actually owed.
Licensed Florida public adjusters. Free claim review. No recovery, no fee.
- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
What kind of damage?
Pick the closest match. We will ask for details later.
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