Oregon Code § 742.234·Enacted ·Last updated March 01, 2026
Statute Text
Insurers options.
A fire insurance policy shall contain a provision as follows: It shall be
optional with this company to take all, or any part, of the property at the
agreed or appraised value, and also to repair, rebuild or replace the property
destroyed or damaged with other of like kind and quality within a reasonable
time, on giving notice of its intention so to do within 30 days after the
receipt of the proof of loss herein required. [Formerly 743.651]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 742.234
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Insurers options. Read the full statute text above for details.
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The formal citation is Oregon Code § 742.234. Use this format in legal documents and court filings.
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