SEC. 162. If cargo insured against partial loss arrives at the
port of destination in a damaged condition, the loss of the insured is
deemed to be the same proportion of the value which the market price at
that port, of the thing so damaged, bears to the market. price it would
have brought if sound.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationPD 612 (The Insurance Code) Section 162 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
