# Wis. Stat. § 632.05: Indemnity amounts

> Wisconsin · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.05

## Section

- **Citation:** Wis. Stat. § 632.05
- **Heading:** Indemnity amounts
- **Jurisdiction:** Wisconsin
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** WI Code / Chapter 632 / Section 632.05

## Text

(1) Replacement cost of coverage. An insurer may agree in a property insurance policy to indemnify the insured for the amount it would cost to repair, rebuild or replace the damaged or destroyed insured property with new materials of like size, kind and quality.

(2) Total loss. Whenever any policy insures real property that is owned and occupied by the insured primarily as a dwelling and the property is wholly destroyed, without criminal fault on the part of the insured or the insured’s assigns, the amount of the loss shall be taken conclusively to be the policy limits of the policy insuring the property.

History: 1975 c. 375 ; 1979 c. 73 , 177 ; 2001 a. 65 .

## Nearby sections

- [Wis. Stat. § 632.05 Indemnity amounts.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.05.md)
- [Wis. Stat. § 632.07 Prohibiting requiring property insurance in excess of replacement value.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.07.md)
- [Wis. Stat. § 632.08 Mortgage clause.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.08.md)
- [Wis. Stat. § 632.09 Choice of law.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.09.md)
- [Wis. Stat. § 632.10 Definitions applicable to property insurance escrow.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.10.md)
- [Wis. Stat. § 632.11 Residential contractors and postloss assignment of rights or benefits.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.11.md)
- [Wis. Stat. § 632.14 Bonds need not be under seal.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.14.md)
- [Wis. Stat. § 632.17 Validity of surety bonds.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.17.md)
- [Wis. Stat. § 632.18 Rustproofing warranties insurance.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.18.md)
- [Wis. Stat. § 632.22 Required provisions of liability insurance policies.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.22.md)
- [Wis. Stat. § 632.23 Prohibited exclusions in aircraft insurance policies.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.23.md)
- [Wis. Stat. § 632.24 Direct action against insurer.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.24.md)
- [Wis. Stat. § 632.25 Limited effect of conditions in employer’s liability policies.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.25.md)
- [Wis. Stat. § 632.26 Notice provisions.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.26.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WI_C632_S632.05. Check the current official text before relying on it. Not legal advice.