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Iowa Code § 515.136

Value of building — liability

Redline — January 1, 2012 → current.View current text →
Current — January 1, 2018
As of January 1, 2012
The insurance company or association issuing such policy may show the actual value of said property at date of policy, and any depreciation in the value thereof before the loss occurred; but the said insurance company or association shall be liable for the actual value of the property insured at the date of the loss, unless such value exceeds the amount stated in the policy.
An insurance company or association shall be liable for the actual cash value of the property insured at the date of the loss, unless such value exceeds the amount stated in the policy.
CS2007, §515.136
CS2007, §515.136
Similar provision, §518A.24
Former §515.136 transferred to §515.153; 2007 Acts, ch 152, §42

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.