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CCQ-1991 - Civil Code of Québec
Section 2524
Disposition versions
2524. An unvalued contract is a contract which does not specify the value of the insured property but, without exceeding the amount of coverage, leaves the insurable value to be subsequently ascertained.
Where a declaration of the value of an insured property is not made until after notice of loss or arrival, the contract is treated as an unvalued contract as regards that property, unless the policy provides otherwise.
