California Insurance Code ARTICLE 2 - Measure of Indemnity

• Section 2050.
  The effect of a valuation in a fire policy is the same as in a marine policy.(Enacted by Stats. 1935, Ch. 145.)
• Section 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...
• Section 2051.5.
  (a) 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...
• Section 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...
• Section 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...
• Section 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...
• Section 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.(Enacted by...
• Section 2056.
  Stipulations in a valued policy concerning the repairing, rebuilding or replacing of buildings or structures wholly or partially damaged or destroyed shall prevail over the...
• Section 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...
• Section 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...
• Section 2060.
  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...

Last modified: October 22, 2018