The Agents Key to Fire Insurance Concise And Helpful Information for Agents Br

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The Agents Key to Fire Insurance Concise And Helpful Information for Agents Br
Robert Porter Barbour
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"Nor unless specifically named hereon in writing, bullion, manuscripts, mechanical drawings, dies or patterns. " It will be noted that the new standard is much broader in its cover than the old, having narrowed the list of kinds of property not covered unless specifically named to those which experience shows are of such a nature as to require special cover or provision. The value of bullion, manuscripts, drawings, dies and patterns is of such uncertain nature that it is preferable for both ins...ured and company to have some special understanding regarding their cover rather than to bring them under the general cover of the policy, especially where coinsurance conditions prevail.
We now come to a very important difference between the old and the new standard policies. Under the old standard the policy was rendered void by a violation of any one of fourteen conditions, which under the new standard are re- duced to five, the others rendering the policy void only during the violation, and automatically reinstating it when the violation ceases.


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