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CCQ-1991 - Civil Code of Québec

Section 2523
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2523. A valued contract is a contract which specifies the agreed value of the insured property.
In the absence of fraud, the value fixed by the contract is, as between the insurer and the insured, conclusive of the value of the insured property whether the loss be total or partial, but is not conclusive for the purpose of determining whether there has been a constructive total loss.
1991, c. 64, a. 2523; 2016, c. 4, s. 286.
2523. A valued contract is a contract which specifies the agreed value of the insured property.
In the absence of fraud, the value fixed by the policy is, as between the insurer and the insured, conclusive of the value of the insured property whether the loss be total or partial, but is not conclusive for the purpose of determining whether there has been a constructive total loss.
1991, c. 64, a. 2523.
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