SEC. 171. If there is no valuation in the policy, the
measure of indemnity in an insurance against fire is the expense it
would be to the insured at the time of the commencement of the fire to
replace the thing lost or injured in the condition in which it was at
the time of the injury; but if there is a valuation in a policy of fire
insurance, the effect shall be the same as in a policy of marine
insurance.
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 171 (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).
