☰ Revisor of Missouri


Chapter 379

< > Effective - 28 Aug 2021, 2 histories    bottom

  379.140.  Total loss of real property — full amount of policy less any deductible to be paid — inapplicability, when — multiple policies, effect on recovery — commercial buildings, policy covering two or more, recovery amount. — 1.  When real property incurs a total loss caused by a peril covered under an insurance policy and such total loss is a covered loss under the insurance policy, then the liability of the insurance company writing the policy shall be the amount of money for which the real property was insured, less any deductible, as specified in the policy.

  2.  This section shall not apply to:

  (1)  Any partial loss;

  (2)  Any personal property that is not scheduled;

  (3)  Any detached or appurtenant structure;

  (4)  Any builder's risk policy;

  (5)  Any policy of mortgage insurance;

  (6)  Two or more buildings insured under a blanket basis or limit of insurance;

  (7)  Any loss in which the insured or one acting on the insured's behalf engaged in any fraudulent or criminal activity that contributed to the loss;

  (8)  Any loss to property if the insured increased the risk of loss insured against within sixty days of the date of the loss without the consent of the insurer and the increase in the risk of loss was a cause of the loss;

  (9)  Any replacement cost coverage provided for in a policy or by endorsement, except that this section shall not be construed to prohibit an insured from recovering any replacement cost coverage pursuant to the terms and conditions of a policy or endorsement; or

  (10)  Any loss that is covered by two or more policies.

  3.  If two or more policies provide coverage for a total loss of real property caused by a peril, then the insureds may recover the face amount of the policy with the highest limit of coverage, and each policy shall contribute to the payment of the loss in proportion to the amount of insurance mentioned in each policy.

  4.  For a total loss to a commercial building that is insured on a blanket basis for a stated amount that covers two or more commercial buildings, the settlement of the claim shall be based on the initial value assigned to each affected commercial building before the loss, with any balance remaining being settled according to the terms and conditions of the policy.


(RSMo 1939 § 5930, A.L. 2021 H.B. 604)

Prior revisions: 1929 § 5819; 1919 § 6229; 1909 § 7020

---- end of effective  28 Aug 2021 ----

use this link to bookmark section  379.140

Effective dates prior to 1940 may not be the actual effective date. See FAQ 'When do laws become effective?'

 - All versions
Effective End
379.140 8/28/2021
379.140 8/28/1939 8/28/2021

Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Missouri Senate
State of Missouri
Missouri House