# The Riot Compensation Regulations 2017, Regulation 12: Compensation in relation to insurer claims: ... stock in trade exceptions

Extent: E+W

(1) Where an insurer claim relates to the theft and loss, damage or destruction of stock in trade other than second–hand stock, the Authority must decide the amount that reflects the insurer claimant’s loss by reference to the stock’s replacement value or current market value, whichever is lower.
(2) Where an insurer claim relates to the theft and loss, damage or destruction of second-hand stock in trade, the Authority must decide the amount that reflects the insurer claimant’s loss by reference to the Authority’s reasonable estimate of the stock’s replacement value.

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Source: https://www.legislation.gov.uk/uksi/2017/371/regulation/12 (the official version)
Page: https://openlegislation.uk/riot-compensation-regulations-2017/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.