The Agents Hand book of Insurance Law Fire Insurance

Cover The Agents Hand book of Insurance Law Fire Insurance
The Agents Hand book of Insurance Law Fire Insurance
Charles Cole Hine
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Ins. Co. , 5 Ins. Law Jour. , 297.
The ordinary provision is that if the interest be other than the ' ' entire and unconditional ownership" or "absolute and sole ownership for the use and benefit of the insured, " it must be so stated. To meet such requirements, the estate should be vested in fee-simple, with an absolute power of disposal, not simply for a term of years, or for life, or under certain circumstances; it should belong solely to the party and for his own benefit. If no title-deed h
...as passed, there should be at least an un- disputed right to compel it. There may be mortgages and liens upon the property, provided they are mere liens that do not affect the title or right of possession. But these should be separately noted, for here again the policy usually provides that failure in this respect will result in for- feiture.
It occasionally happens that while the insured is the unqualified owner of the building, his ownership of the land on which it stands is qualified or the title is in another.


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