/ɪnˈʃʊrd ˈvæljuː/ – Phrase
Definition: giá trị được bảo hiểm.
A more thorough explanation: The legal English definition of “insured value” refers to the maximum amount of money that an insurance policy will pay out in the event of a covered loss or damage. It represents the agreed-upon value of the property or asset being insured, and is typically determined at the time the insurance policy is purchased. The insured value serves as the basis for calculating premiums and determining the extent of coverage provided by the insurance policy.
Example: The insured value of the property was determined to be $500,000 in the insurance policy.