What is Valuation Paper Insurance?
Definition of Valuation Paper Insurance
Valuable papers insurance protects an organization’s valuable papers and records. Research and replacement costs are covered by valuable papers policies. If the important papers cannot be replaced, this type of insurance will cover the documents’ value.
Explanation of Valuation Paper Insurance
The coverage limits for valuable papers insurance can be very high in some cases. However, the coverage is always limited to either the actual monetary value of the papers themselves or their replacement value. Furthermore, the papers insured must always be carefully guarded in an appropriate fashion in order to file a claim.