Property Insurance: Comprising Fire and Marine Insurance, Corporate Surety Bonding, Title Insurance and Credit Insurance |
From inside the book
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Page 7
... considered the same , since they differ in their construction , their environ- ment , and their equipment of devices for preventing and extinguishing fires . Almost every substance and process of manufacture will , under certain ...
... considered the same , since they differ in their construction , their environ- ment , and their equipment of devices for preventing and extinguishing fires . Almost every substance and process of manufacture will , under certain ...
Page 20
... considered to have revived when the violation was discon- tinued . In other states , however , such a violation nullifies the policy , and the policy once void will always remain so , unless the insurer consents to its restoration ...
... considered to have revived when the violation was discon- tinued . In other states , however , such a violation nullifies the policy , and the policy once void will always remain so , unless the insurer consents to its restoration ...
Page 28
... contracts ; and if such contracts are prohibited by public policy , should equally be considered void . But , although the earlier cases on fire in- surance laid down the rule enunciated by the Supreme Court 28 FIRE INSURANCE.
... contracts ; and if such contracts are prohibited by public policy , should equally be considered void . But , although the earlier cases on fire in- surance laid down the rule enunciated by the Supreme Court 28 FIRE INSURANCE.
Page 37
... considered a stranger to the contract . Where the Mortgagee Insures His Own Interest . - Where the mortgagee pays the premium , and insures his interest in his own name , the courts have held that the mortgagor in no way has an interest ...
... considered a stranger to the contract . Where the Mortgagee Insures His Own Interest . - Where the mortgagee pays the premium , and insures his interest in his own name , the courts have held that the mortgagor in no way has an interest ...
Page 38
... considered by the com- panies as much the best method to issue the policy in the name of the owner , i.e. , the mortgagor , and join the two interests by providing in the policy that the loss , if any , should be payable to the ...
... considered by the com- panies as much the best method to issue the policy in the name of the owner , i.e. , the mortgagor , and join the two interests by providing in the policy that the loss , if any , should be payable to the ...
Other editions - View all
Property Insurance: Comprising Fire and Marine Insurance, Corporate Surety ... Solomon Stephen Huebner No preview available - 2013 |
Common terms and phrases
actual cash value agency agent agreed agreement American amount of insurance ance application assume assured average Bond broker building cancellation capital rating cargo Cents Cents Cents CHAPTER charge claim clause coinsurance contract corporations courts covered credit insurance Credit Rating debtor defects erty exceeding exist fact Fire Insurance fire-insurance policy fireproof guarantee hazard hereby incumbrances indemnify indemnity indorsed insolvency insurable interest insurance company issued Law of Insurance liable lien limited Lloyd's loss or damage Marine Insurance ment mercantile agency months moral hazard mortgage notice Obligee paid pany parties payment person policy-holder premises principal prop property insured property owner protection regards reinsurance risk rule ship specific Spectator Company sprinkler standard fire policy standard policy surance Surety Term Premium thereof tion Title Insurance Treatise underwriter unearned unless vessel void warranties Wolff's Law York
Popular passages
Page 118 - This entire policy, unless otherwise provided by agreement indorsed hereon or added hereto, shall be void if the insured now has or shall hereafter make or procure any other contract of insurance, whether valid or not, on property covered in whole or in part by this policy...
Page 40 - ... the interest of the mortgagee (or trustee) only therein, shall not be invalidated by any act or neglect of the mortgagor or owner of the within described jproperty, nor by any foreclosure or other proceedings or notice of sale relating to the property, nor by any change in the title or ownership of the property...
Page 139 - In the event of disagreement as to the amount of loss the same shall, as above provided, be ascertained by two competent and disinterested appraisers, the insured and this company each selecting one, and the two so chosen shall first select a competent and disinterested umpire; the appraisers together shall then estimate and appraise the loss stating separately sound value and damage, and, falling to agree, shall submit their differences to the umpire; and the award in writing of any two shall determine...
Page 97 - But it is generally held, that, in order to warrant a finding that negligence, or an act not amounting to wanton wrong, is the proximate cause of an injury, it must appear that the injury was the natural and probable consequence of the negligence or wrongful act, and that it ought to have been foreseen in the light of the attending circumstances.
Page 99 - This company shall not be liable for loss caused directly or indirectly by invasion, insurrection, riot, civil war or commotion, or military or usurped power, or by order of any civil authority...
Page 286 - Corn, fish, salt, fruit, flour, and seed, are warranted free from- average, unless general, or the ship be stranded ; sugar, tobacco, hemp, flax, hides, and skins, are warranted free from average, under five pounds per cent.
Page 155 - This policy shall be canceled at any time at the request of the insured ; or by the company by giving five days' notice of such cancellation. If this policy shall be canceled as hereinbefore provided, or become void or cease, the premium having been actually paid, the unearned portion shall be returned on surrender of this policy or last renewal, this company retaining the customary short rate; except that when this policy is canceled by this company by giving notice it shall retain only the pro...
Page 102 - This company shall not be liable beyond the actual cash value of the property at the time any loss or damage occurs, and the loss or damage shall be ascertained or estimated according to such actual cash value, with proper deduction for depreciation however caused, and shall in no event exceed what it would then cost the insured to repair or replace the same with material of like kind and quality...
Page 145 - ... (any usage or custom of trade or manufacture to the contrary notwithstanding) there be kept, used, or allowed on the above described premises, benzine...
Page 134 - If fire occur, the insured shall give immediate notice of any loss thereby in writing to this company, protect the property from further damage...