Insurance; Principles and Practices

Insurance; Principles and Practices

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 edition. Excerpt: ...of loss signed and sworn to by the insured, stating the knowledge and belief of the insured as to the following: (a) the time and origin of the fire; (b) the interest of the insured; (c) and of all others in the property; (d) the cash value of each item thereof; (e) and the amount of loss or damage thereto; (f) all encumbrances thereon; (g) all other contracts of insurance whether valid or not, covering any of said property; (h) any changes in the title, use, occupation, possession, or exposure of said property since the issuing of this policy; (i) by whom and for what purpose any building herein described and the several parts thereof were occupied at the time of the fire."5 We might call attention here to the policy provision previously referred to regarding false swearing and fraud,6 which is not lightly 'Appendix XXX, lines 129 and 130. 4 Appendix XXX, lines 130-133. 'Appendix XXX, lines 133-145; and Appendix XLVI. "Appendix XXX, lines 1-6. regarded by the courts in the proof of loss, whatever may be the attitude toward it at other times. The object of the proof of loss is to enable the insurance company to determine whether or not it will assume liability for the loss and to what extent. A time limit is placed upon furnishing the proof of loss, but this has been sometimes leniently construed by the courts. A form such as is shown in the appendices is furnished to the insured for the purpose of making a proof of loss.7 In several cases it has been held that these requirements are inoperative as regards a mortgagee because the company's contract with him is held to be a new contract. If the owner does not furnish a proof of loss the mortgagee may do so for the protection of his interest. The new standard policy provides that...
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Product details

  • Paperback | 182 pages
  • 189 x 246 x 10mm | 336g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236605349
  • 9781236605344