Montana § 33-24-103 Specific Valuation -- Loss Equal To Insured Value

Montana Statutes

§ 33-24-103 — Specific Valuation -- Loss Equal To Insured Value

Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 24 PROPERTY INSURANCE·Part 1 General Provisions

33-24-103 . Specific valuation -- loss equal to insured value.

(1)This section applies to policies, except motor vehicle insurance policies, that insure specific listed items of personal property against any loss or damage.

(2)If the insurer places specific valuations upon particular items of covered property and bases the premium charge on these valuations, then the insurer shall compute any total loss or total damage to the property, when covered, at the stated valuation with no deductions or offsets except for the selected deductible in the policy.

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33-24-103 . Specific valuation -- loss equal to insured value. (1) This section applies to policies, except motor vehicle insurance policies, that insure specific listed items of personal property against any loss or damage.
(2) If the insurer places specific valuations upon particular items of covered property and bases the premium charge on these valuations, then the insurer shall compute any total loss or total damage to the property, when covered, at the stated valuation with no deductions or offsets except for the selected deductible in the policy.

Montana § 33-24-103 (Specific Valuation -- Loss Equal To Insured Value) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.