Define: Agreed Value

UK Accounting Glossary

Definition: Agreed Value

Quick Summary of Agreed Value

Concerning vehicle insurance, The Agreed Value is the amount your insurer agrees to pay you in the event your vehicle is written off in a crash.

What is the dictionary definition of Agreed Value?

Dictionary Definition

Concerning vehicle insurance, the agreed value is the amount the policyholder and the insurance company decide will be paid in the event of an accident that results in the total loss of an insured vehicle.


Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Agreed Value. Payroll & Accounting Heaven Ltd. April 02, 2020
Chicago Manual of Style (CMS):
Agreed Value. Payroll & Accounting Heaven Ltd. (accessed: April 02, 2020).
American Psychological Association (APA):
Agreed Value. Retrieved April 02, 2020, from website:

Definition Sources

Definitions for Agreed Value are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 8th December 2019.