16 Measure of insurable value
Marine Insurance Act 1906 (1906 c 41) | Legislation

Insurable Value

16  Measure of insurable value

Subject to any express provision or valuation in the policy, the insurable value of the subject-matter insured must be ascertained as follows:—

(1)     In insurance on ship, the insurable value is the value, at the commencement of the risk, of the ship, including her outfit, provisions and stores for

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