In the event of loss or damage, when an agreement as to the extent of such loss or damage cannot be arrived at between the board and the officials having charge of the property, the amount of such loss or damage to be paid by the board shall be determined by three appraisers, one to be named by the board, one by the officer, official or trustee having the damaged or destroyed building in charge, and the third by the two so appointed. These appraisers shall file their written report with the board and a duplicate copy with the insured. The cost of the appraisal shall be borne one half by the board and one half by the insured.
HISTORY: 1962 Code Section 1-447; 1952 Code Section 1-447; 1942 Code Section 2193; 1936 (39) 1668; 1950 (46) 1985, 3605; 1965 (54) 590.
Structure South Carolina Code of Laws
Title 10 - Public Buildings and Property
Chapter 7 - Insurance On Public Buildings And Property
Section 10-7-20. Insurance on public buildings of incorporated municipalities.
Section 10-7-30. Insurance on public buildings of counties.
Section 10-7-40. Insurance on public school buildings.
Section 10-7-50. Cancellation or reduction of insurance on abandoned school buildings.
Section 10-7-60. Cancellation in case of dilapidation and depreciation.
Section 10-7-70. Officials in charge of buildings shall provide for insurance.
Section 10-7-80. Officials shall furnish information on school buildings.
Section 10-7-90. Premium rate.
Section 10-7-100. Payment of premiums.
Section 10-7-120. Authority may reinsure.
Section 10-7-130. Insurance reserve funds.
Section 10-7-140. Reduction of premiums.
Section 10-7-160. Value of buildings.
Section 10-7-170. Amount of insurance.
Section 10-7-180. Appraisers in case of loss or damage.
Section 10-7-190. Payment of amount of award.
Section 10-7-200. Contracts and loans for hazard reducing systems.
Section 10-7-210. Losses when authority holds hazard reduction system loans.