The Standard Fire Policy: Lectures Before the Fire Insurance Club of Chicago |
From inside the book
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Page 3
... rules , regulations and conditions , rendering the policy void in a great number of contingencies . These provisions were of such bulk and char- acter that they would not be understood by men in general , even if subjected to a careful ...
... rules , regulations and conditions , rendering the policy void in a great number of contingencies . These provisions were of such bulk and char- acter that they would not be understood by men in general , even if subjected to a careful ...
Page 14
... rule for indemnity seems to us to be to estimate the loss at the place where it occurred in the currency of that coun- try , and then find the equivalent in the country where suit is brought by determining the actual intrinsic value of ...
... rule for indemnity seems to us to be to estimate the loss at the place where it occurred in the currency of that coun- try , and then find the equivalent in the country where suit is brought by determining the actual intrinsic value of ...
Page 15
... rule has been applied to personal property ( mill machinery ) , Vance v . Foster , 2 Crawford Dix Rep . , 118 ( Irish ) . A company insuring goods is liable for their actual market value at the time of loss , not for the cost price ...
... rule has been applied to personal property ( mill machinery ) , Vance v . Foster , 2 Crawford Dix Rep . , 118 ( Irish ) . A company insuring goods is liable for their actual market value at the time of loss , not for the cost price ...
Page 22
... rules deducable from the decided cases are : ( 1 ) That the provision in the policy is binding on the insured , except in those States having a valued policy law , without a standard form of policy law . ( 2 ) That the company must ...
... rules deducable from the decided cases are : ( 1 ) That the provision in the policy is binding on the insured , except in those States having a valued policy law , without a standard form of policy law . ( 2 ) That the company must ...
Page 24
... rule may be announced to be that , if the insured applies for insurance and , úpon inquiry being made , falsely answers any questions put to him , or conceals any fact inquired about , then he can not recover on the policy ; but if no ...
... rule may be announced to be that , if the insured applies for insurance and , úpon inquiry being made , falsely answers any questions put to him , or conceals any fact inquired about , then he can not recover on the policy ; but if no ...
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Other editions - View all
The Standard Fire Policy: Lectures Before the Fire Insurance Club of Chicago ... Guilford A. Deitch No preview available - 2016 |
Common terms and phrases
action Ætna agent Allemannia American Cent American Fire amount applied appraisal avoid the policy award Baltimore Fire broker building claim clause Commercial Union Assur condition construing County Mut court held court says defense destroyed Dutchess County Dwelling House estoppel Etna fact forfeiture form of policy Franklin F Georgia Home German German-American Germania Fire Glens Falls Hartford Fire Hekla Home Fire indemnity insurance company interest Kans Knarston Lancashire liability London Assur Mass ment Merchants Milwaukee Mechanics Minn mortgage N. Y. Supp Niagara F Niagara Fire Northwestern Nat'l notice of cancellation Ohio St owner pany parties Paul F payment person Phoenix plaintiff procured proofs of loss property insured provision question rebuild repair risk Scottish Union standard form stipulation subrogation Sun Fire Supreme Court thereof tion unearned premium valid void waived waiver wrongdoer
Popular passages
Page 5 - A corporation is an artificial being, invisible, intangible, and existing only in contemplation of law. Being the mere creature of law, it possesses only those properties which the charter of its creation confers upon it, either expressly or as incidental to its very existence.
Page 90 - This company shall not be liable under this policy for a greater proportion of any loss on the described property, or for loss by and expense of removal from premises endangered by fire, than the amount hereby insured shall bear to the whole insurance, whether valid or not...
Page 73 - 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 104 - This policy is made and accepted subject to the foregoing stipulations and conditions, together with such other provisions, agreements, or conditions as may be indorsed hereon or added hereto, and no officer, agent, or other representative of this company shall have power to waive any provision or condition of this policy, except such as by the terms of this policy may be the subject of agreement indorsed hereon or added hereto...
Page 68 - Inventory of the same stating the quantity and cost of each article and the amount claimed thereon, and, within sixty days after the fire, unless such time is extended in writing by this company, shall render a statement to this company, signed and sworn to by said insured, stating the knowledge and belief of the insured as to the time and origin of the flre; the interest of the Insured and of all others In the property...
Page 18 - It shall be optional, however, with this company to take all or any part of the articles at such ascertained or appraised value, and also to repair, rebuild, or replace the property lost or damaged with other of like kind and quality within a reasonable time, on giving notice, within 30 days after the receipt of the proof herein required, of its intention so to do; but there can be no : abandonment to this company of the property described.
Page 38 - ... if any change other than by the death of an insured, take place in the interest, title or possession of the subject of insurance (except change of occupants without increase of hazard) whether by legal process or judgment or by voluntary act of the insured, or otherwise...
Page 54 - 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 22 - This entire policy shall be void if the insured has concealed or misrepresented, in writing or otherwise, any material fact or circumstance concerning this insurance or the subject thereof...
Page 13 - 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...