# Cal. INS § 2051: Section 2051

> California · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P1_C2_A2_S2051

## Section

- **Citation:** Cal. INS § 2051
- **Heading:** Section 2051
- **Jurisdiction:** California
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** California Code / Code ins / Division 2 / Part 1 / Chapter 2 / Article 2 / Section 2051

## Text

(a) Under an open policy, the measure of indemnity in fire insurance is the expense to the insured of replacing the thing lost or injured in its condition at the time of the injury, the expense being computed as of the time of the commencement of the fire.

(b) Under an open policy that requires payment of actual cash value, the measure of the actual cash value recovery, in whole or partial settlement of the claim, for either a total or partial loss to the structure or its contents, shall be the amount it would cost the insured to repair, rebuild, or replace the thing lost or injured less a fair and reasonable deduction for physical depreciation based upon its condition at the time of the injury or the policy limit, whichever is less. A deduction for physical depreciation shall apply only to components of a structure that are normally subject to repair and replacement during the useful life of that structure.

## Nearby sections

- [Cal. INS § 2050 Section 2050](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P1_C2_A2_S2050.md)
- [Cal. INS § 2051 Section 2051](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P1_C2_A2_S2051.md)
- [Cal. INS § 2051.5 Section 2051.5](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P1_C2_A2_S2051.5.md)
- [Cal. INS § 2052 Section 2052](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P1_C2_A2_S2052.md)
- [Cal. INS § 2053 Section 2053](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P1_C2_A2_S2053.md)
- [Cal. INS § 2054 Section 2054](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P1_C2_A2_S2054.md)
- [Cal. INS § 2055 Section 2055](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P1_C2_A2_S2055.md)
- [Cal. INS § 2056 Section 2056](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P1_C2_A2_S2056.md)
- [Cal. INS § 2057 Section 2057](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P1_C2_A2_S2057.md)
- [Cal. INS § 2058 Section 2058](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P1_C2_A2_S2058.md)
- [Cal. INS § 2060 Section 2060](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P1_C2_A2_S2060.md)
- [Cal. INS § 2061 Section 2061](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P1_C2_A2_S2061.md)
- [Cal. INS § 2062 Section 2062](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P1_C2_A2_S2062.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P1_C2_A2_S2051. Check the current official text before relying on it. Not legal advice.