ADVOKS GLOBAL · KENYA
Marine Insurance Act
68. Total loss
Edition: 2023-12-11 · In force
68. Total loss
Subject to this Act and to any express provision in the policy, where there is a total loss of the subject-matter insured—(a)if the policy is a valued policy, the measure of indemnity is the sum fixed by the policy;(b)if the policy is an unvalued policy, the measure of indemnity is the insurable value of the subject-matter insured.