A valued marine policy is a type of marine insurance coverage that places a specific value on the insured property, such as the hull or cargo of a shipping vessel, prior to a claim being made. In the event of a loss, a valued marine policy will pay a specified, pre-determined amount—provided, of course, that there are no traces of fraud.

A valued marine policy differs from an unvalued, or open, marine policy. Under that type of coverage, the value of the property would need to be proven subsequent to a loss through the production of invoices, estimates, and other evidence.