A Treatise on the Law of Insurance, Vol. 2 of 2 (Classic Reprint)
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| Partner: | buecher.de |
| Hersteller: | Forgotten Books (Phillips, Willard) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from A Treatise on the Law of Insurance, Vol. 2 of 2 1176. It is requisite under every policy on any interest in property to determine the value of the subject, either by agreement, or by certain rules and by proof. Insurance being a contract of indemnity, the underwriters are not liable to pay any loss except such as the assured has actually sustained. Whether the loss is occasioned by the injury or destruction of a part or the whole of the thing insured, the amount of it cannot be ascertained without determining the value of the subject. In a case of total loss, the value of the property necessarily comes in question, for it must be ascertained whether the whole value be equal to the sum insured by the underwriter; since, if it be less, the underwriter is obliged only to pay its value, though the amount insured by him is greater. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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