GroundRules
INS § 1993
Where this section sits in the code
- Insurance Code - INS
- DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]
- PART 1. FIRE AND MARINE INSURANCE [1880. - 10108.1.]
- CHAPTER 1. The Marine Contract [1880. - 2010.]
- ARTICLE 5. Loss in Marine Insurance [1960. - 1997.]
If cargo insured against partial loss arrives at the port of destination in a damaged condition, the loss of the insured is computed as follows:
(a) Deduct the market price, at port of destination, of the damaged subject matter from its market price there when sound.
(b) Take that proportion of the value which the remainder thus ascertained bears to such market price when sound.
Collected 2026-09-14T05:56:33Z. Source file · JSON