MARINE INSURANCE ACT 1909 - SECT 81 General provisions as to measure of indemnity
MARINE INSURANCE ACT 1909 - SECT 81
General provisions as to measure of indemnity(1) Where there has been a loss in respect of any subject - matter not expressly provided for in the foregoing provisions of this Act, the measure of indemnity shall be ascertained, as nearly as may be, in accordance with those provisions, in so far as applicable to the particular case.
(2) Nothing in the provisions of this Act relating to the
measure of indemnity shall affect the rules relating to double insurance, or
prohibit the insurer from disproving interest wholly or in part, or from
showing that at the time of the loss the whole or any part of the subject -
matter insured was not at risk under the policy.