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California Code, Insurance Code - INS § 1993

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - California Code, Insurance Code - INS § 1993 - last updated January 01, 2025 | https://codes.findlaw.com/ca/insurance-code/ins-sect-1993/

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