Wednesday, December 16, 2009. What does the term Agreed Value mean? Agreed Value is an agreement made between the Insurance Company and the Policy Holder at policy inception that the limit of insurance listed in the schedule of property is the item's value, and this is the amount that will be paid by the company in the event of a total loss.
Admission into Summer Seminar is very competitive, with approximately 5,000 applicants vying for 1,800 openings. High school students who are selected to attend Summer Seminar will automatically be processed as applicants to the Naval Academy upon completion of the program.
But Schofield did say the attrition rate this year was low. Low attrition rates during Plebe Summer are a direct result of the quality of the Class of 2018 and the fantastic training and leadership provided to the plebes from the Class of 2015, Schofield said. The Naval Academy inducted 1,191 midshipmen into the Class of 2018 on July 1. This year's plebe class includes the largest number of women, 302, in academy history. Plebe Summer is a challenging seven weeks of midshipmen basic training. Plebes have no access to TV, movies, music or the Internet.