All the following are loss settlement valuations EXCEPT?

The term "Actual loss sustained" is not commonly categorized as a loss settlement valuation method within insurance practices. The main loss settlement valuations used by insurers typically include techniques like Actual Cash Value (ACV), Agreed Value, and Replacement Costs, each serving distinct roles in determining how claims are settled.

• Actual Cash Value (ACV) refers to the fair market value of an asset at the time of loss, taking depreciation into account.

• Agreed Value provides a pre-determined amount that the insurer will pay in the event of a total loss, which eliminates disputes about the value of the insured item.

• Replacement Cost refers to the amount it would take to repair or replace damaged property with new property of like kind and quality without deducting for depreciation.

In contrast, "Actual loss sustained" usually refers to the actual financial loss a policyholder faces due to an incident, which is not a method of determining value for settlement purposes but rather a statement of the loss itself. Thus, this phrase does not fit into the defined categories of loss settlement valuations, highlighting why it is the correct answer.