/ Dictionary / Index V valued policy: Meaning and Definition of Find definitions for: val'ued pol"icy Pronunciation: [key] — Insurance. Insurance. a policy in which the company and the policyholder agree to the amount to be paid in the event of total loss of property, regardless of the value of the property. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. value date value judgment Related Content Daily Word Quiz: banshee Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language