Montana Title 33. Insurance and Insurance Companies § 33-24-103. Specific valuation--loss equal to insured value
Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
Search Montana Code Annotated
Search by Keyword or Citation
(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.
Cite this article: FindLaw.com - Montana Title 33. Insurance and Insurance Companies § 33-24-103. Specific valuation--loss equal to insured value - last updated April 27, 2021 | https://codes.findlaw.com/mt/title-33-insurance-and-insurance-companies/mt-code-ann-sect-33-24-103.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?