ARTICLE 2. Measure of Indemnity [2050. - 2062.]
Article 2 enacted by Stats. 1935, Ch. 145.
§§ 2050–2062 · 13 sections
- § 2050 The effect of a valuation in a fire policy is the same as in a marine policy.
- § 2051 (a) Under an open policy, the measure of indemnity in fire insurance is the expense to the insured of replacing the thing lost or injured in its condition at…
- § 2051.5 (a) (1) Under an open policy that requires payment of the replacement cost for a loss, the measure of indemnity is the amount that it would cost the insured to…
- § 2052 Whenever the insured desires to have a valuation named in his policy insuring any building or structure against fire, he may require such building or structure…
- § 2053 A clause shall be inserted in such a valued policy, stating substantially that the value of the insured’s interest in the insured building or structure has…
- § 2054 In the absence of any change increasing the risk without the consent of the insurer or of fraud on the part of the insured, and except as provided in Sections…
- § 2055 Except as provided by section 2056, the insurer shall not be required to pay more than the amount stated in such a valued policy.
- § 2056 Stipulations in a valued policy concerning the repairing, rebuilding or replacing of buildings or structures wholly or partially damaged or destroyed shall…
- § 2057 Under a contract of fire insurance, payment to the insured shall be made within 30 days after the amount of the loss and the liability of the company have been…
- § 2058 Notwithstanding any other provision of law, if a loss arising out of fire is rebuilt or replaced, an insured covered by a valued policy shall receive full…
- § 2060 (a) In the event of a loss under a homeowners’ insurance policy for which the insured has made a claim for additional living expenses, the insurer shall…
- § 2061 (a) In the event of a covered loss relating to a state of emergency, as defined in Section 8558 of the Government Code, the following special provisions shall…
- § 2062 In the event of a state of emergency, as defined in Section 8558 of the Government Code, an insurer shall offer a 60-day grace period for payment of premiums…