Sec. 21.60.020. Replacement insurance.
71 words·~1 min read·
/ak/title-21/chapter-60/21-60-020A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 21.60.020. Replacement insurance.
By a contract of insurance of property or of any insurable interest in the property, the insurer may in connection with a special provision or endorsement made a part of the policy insure the cost of repair or replacement of the property, if damaged or destroyed by a hazard insured against, and without deduction of depreciation, subject to reasonable regulations that may be adopted by the director.