Insurance Principles And Practices

Cover Insurance Principles And Practices
Insurance Principles And Practices
Robert Riegel
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— The usual policy protecting the title of the owner of property promises indemnity "for loss not exceeding $ which the insured sustains (1) by reason of any defect of the title of the insured to the estate or interest described in Schedule A hereto annexed, affecting the premises described in said schedule, or (2) by reason of the unmarketability of the title of the insured described in said 314 INSURANCE PRINCIPLES AND PRACTICES schedule to or in said premises, or (3) because of liens or incu...mbrances against the same at the date of this Policy; excepting the defects, estates, objections, liens or incumbrances mentioned in Schedule B, or excepted by the conditions of this Policy, hereto annexed, and hereby incorporated into this contract, the loss and the amount to be ascertained in the manner provided in the annexed con- ditions, and to be payable upon compliance by the insured with the stipulations of said conditions, and not otherwise. " The "Schedule A" referred to sets forth, "(1) The estate or interest of the insured covered by this Policy.

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