Definitions for "Stated amount"
Relating to an agreement by the insurance company to pay a specified amount of money to or on behalf of the insured upon the occurrence of  a defined loss.
When the value of property, either real or personal, is agreed upon at the issuance of the contract and, therefore, coinsurance and any other valuation clauses will not apply at the time of a loss.
An agreed amount of insurance which is shown on the policy, and which will be paid in the event of total loss regardless of the actual value of the property.