{"data":{"id":"us-wi/wis.-stat.-631.45","jurisdiction":"us-wi","citation":"Wis. Stat. § 631.45","heading":"Limitations on loss to be borne by insurer.","body":"(1) General. An insurance policy indemnifying an insured against loss may by clear language limit the part of the loss to be borne by the insurer to a specified or determinable maximum amount, to loss in excess of a specified or determinable amount, to a specified percentage of the loss, which may vary with the amount of the loss, or by a combination of these methods. If the policy covers various risks, different limitations may be provided separately for each risk if the policy clearly so states.\n(2) Property coinsurance. A policy indemnifying an insured against loss of or damage to property may limit the part of the loss to be borne by the insurer to a percentage of the total loss that corresponds to the ratio of the insured sum to a specified percentage of the value of the insured property.","path":["Chs. 600-655, Insurance","Chapter 631 Insurance Contracts Generally","SUBCHAPTER III SPECIFIC CLAUSES IN CONTRACTS"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/631.45","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:31Z","sha256":"69426685783c9bf0392ad7610e7a2760a4f4d68f60d71d7829e4ef523f0fe176","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-631.43","next":"us-wi/wis.-stat.-631.48"},"notice":"GroundRules: Original legal text. Not legal advice."}