Section 862.053 - Fire Insurance: Total Loss of Real Property(a) A fire insurance policy, in case of a total loss by fire of property insured, shall be held and considered to be a liquidated demand against the company for the full amount of such policy. This subsection does not apply to personal property.(b) An insurance company shall incorporate verbatim the provisions of Subsection (a) in each fire insurance policy issued as coverage on real property in this state.(c) The commissioner shall require compliance with this section.Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.220, eff. 9/1/2003.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.