ALTHOX

CHAPTER IX Compensation Section 1752 .- The amount of the compensation amount in the policy value is not estimated to amount insurable value, and the estimated value to the value stipulated in the policy. Section 1753 .- In case of total loss, the amount of compensation shall be equal to the sum stipulated in the policy, if outside the estimated value and insurable value, if it was not. Section 1754 .- When the ship has been subject to breakdowns that do not imply a total loss, the amount of compensation is determined as follows: 1. If you have not been repaired, the insured is entitled to the reasonable cost of repairs, with the deduction from old to new, but not exceeding the sum insured in respect of any claim; 2. If you have only been partially repaired, the insurer shall be entitled to the reasonable cost of repairs, computed in accordance with the provisions of the preceding paragraph, and be compensated for the depreciation from the unr...