Article 947.

1. Amount to which the insured person undertakes to pay insurance compensation under the property insurance agreement or which he undertakes to pay under the personal insurance contract (survivor Sue). 2. In the case of insurance of property or business risk, if the contract The insurance amount must not exceed its present value (insurance value): for the property it is considered to be the real value of the property at the place where it is located. On the day of the conclusion of the insurance contract; on the business risk of business losses that the insured person may be expected to incur in the event of the occurrence of the art. 3. In personal insurance and liability insurance, the insurance amount is determined by the parties at their discretion.