What is the current state of the law on the value of a fire insurance company’s insured property?

Saskatchewan, Canada


The following excerpt is from Ziola v. Co-operative Fire and Casualty Company, 1976 CanLII 943 (SK QB):

In Davis v. Nationale Fire Insur. Co., Paris, France, [1947] O.W.N. 783 at 784, 14 I.L.R. 159, in finding “the value” of 20-year-old buildings, Gale J. (as he then was) stated that “there was no evidence adduced as to the market value of the property involved in the fire, and it seems to me I am left with no alternative but to regard the cost of reinstatement as the only available measure of indemnity . . . less reasonable depreciation”.

Other Questions


What is the current state of the insurance industry's position on the insurance market when it comes to insurance coverage? (Ontario, Canada)
What is the current state of the law on inspections and maintenance of an occupier’s agent's property? (Ontario, Canada)
What is the current state of the law on liability for the escape of a dangerous substance from the owner's property? (Prince Edward Island, Canada)
What is the current state of the law on the dissipation of s. 7(2) exempt property? (Alberta, Canada)
If a property has been valued at a fair value after the date of a valuation date, can the value of the property change from its original valuation date to its current value? (Ontario, Canada)
How has the insurance company been assessed in the context of an insurance company’s misapprehension and error? (Saskatchewan, Canada)
How is the court likely to consider each spouse’s contribution to the accumulation of family property under s. 95(2)(c) of the BC S. 65(1)(f) in determining the value of the spouses’ assets? (British Columbia, Canada)
When a payor's pension is equalized with respect to property equalization, does the court need to consider the equalization also consider the value of the payor’s pension? (Manitoba, Canada)
Can a resulting trust arise when title to property is in one party's name but that party is a fiduciary or gave no value for the property? (British Columbia, Canada)
Does a resulting trust arise when title to property is in one party's name but that party gave no value for the property? (British Columbia, Canada)