In the case of goods insured at market value,their value is assessed:

Name: In the case of goods insured at market value,their value is assessed:
Brand: Quizplus
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Quizplus · Accepted Answer

Goods insured at market value are assessed at the date they were lost or destroyed, as this is when the insurer needs to determine the amount of compensation to be paid to the insured. Market value is the current price at which the goods could be sold in the market at that time, so it would not make sense to assess it at any other point in time.

In the Case of Goods Insured at Market Value,their Value