Marine Insurance Act : Unvalued policy. Indian Bare Acts :

Marine Insurance Act,1963

Act No : 11

Section : Unvalued policy.

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.