Valuable Papers Coverage Law and Legal Definition

Valuable papers coverage is “an insurance that keeps a business safe at times of loss of important documents. It covers the cost of research for reconstructing damaged records, and also the cost of new paper and transcription. For the purpose of this definition, valuable papers include written, printed, or otherwise inscribed documents and records, including books, maps, films, drawings, abstracts, deeds, mortgages, and manuscripts. The coverage will pay for the loss of vital papers and the cost to replace the records up to the limit of the insurance and after any deductibles.”