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Substantiation of Value Show, Breeding & In Training Horses P.O. Box 2009 Glen Allen, VA 230582009 Phone: (800) 2627535 Fax: (804) 5277999 www.horseinsurance.comInsureds Name: ___Policy Number: ___Name
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Gather all relevant information regarding the item or property being insured
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Fill out the form accurately and truthfully
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Provide details such as description of the item, its value, any special features or characteristics, etc.
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The determining form insurance value refers to the calculated worth of an asset or property for the purpose of underwriting insurance. It establishes the minimum coverage amount required to protect the asset in case of loss or damage.
Typically, property owners or policyholders seeking insurance coverage must file the determining form insurance value with their insurance provider.
To fill out the determining form insurance value, provide necessary details such as the description of the asset, its current market value, and any relevant documentation supporting the valuation. Follow all specified guidelines by the insurer.
The purpose of the determining form insurance value is to ensure that the insurance policy has adequate coverage for the asset in case of unforeseen events, helping to minimize financial loss.
Information that must be reported includes the asset's description, estimated market value, date of valuation, and any relevant supporting documents that validate the valuation.
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