 This Company shall not be liable for a greater proportion of any loss than the amount hereby insured shall bear to the whole insurance covering the property against the peril involved, whether collectible or not.  Walsh's Business Arithmetic - Page 455by John Henry Walsh - 1919 - 496 pagesFull view - About this book
 | Robert Riegel, Harry James Loman - Insurance - 1921 - 540 pages
...company "A" for $300,000 and in company "B" for $100,000. The policies of both companies provide that "This company shall not be liable for a greater proportion of any loss or damage than the amount hereby insured shall bear to the whole insurance covering the property, whether valid... | |
 | Insurance Society of New York - Fire insurance - 1922 - 952 pages
...loss or damage * * * may be provided by agreement in writing added hereto" ; "Pro rata liability, — This company shall not be liable for a greater proportion of any loss or damage than the amount hereby insured shall bear to the whole insurance covering the property, etc." 555 The... | |
 | Insurance Society of New York - Fire insurance - 1922 - 952 pages
...loss or damage * * * may be provided by agreement in writing added hereto" ; "Pro rata liability, — This company shall not be liable for a greater proportion of any loss or damage than the amount hereby insured shall bear to the whole insurance covering the property, etc." The cover... | |
 | Solomon Stephen Huebner - Fire insurance - 1922 - 636 pages
...carry the maximum stipulated by the company. If he complies, no coinsurace is applied ; if not, "the company shall not be liable for a greater proportion of any loss of or damage to the merchandise hereby insured, than the sum hereby insured bears to 80 per cent of... | |
 | Insurance Society of New York - Fire insurance - 1922 - 954 pages
...insufficient insurance, the benefit was needed. Third: The average clause, reading substantially as follows: This Company shall not be liable for a greater proportion of any los^ or damage to the property herein described than the sum hereby insured bears to percent of the... | |
 | James Robert Overman - Arithmetic - 1923 - 396 pages
...fire insurance many policies contain a co-insurance, or reduced average clause reading as follows : "This company shall not be liable for a greater proportion of any loss or damage to property described herein than the sum hereby insured bears to. . .per centum of the actual cash value... | |
 | New York (State). Legislature - New York (State) - 1923 - 1010 pages
...situate Nos. 358, 360 Elk St., Buffalo, NY" The policy contained a provision that the insurer should not be liable for a greater proportion of any loss or damage to the property described therein than the sum of 80 per cent of the cash value of said property at the time of such loss shall... | |
 | New York (State). Legislature - New York (State) - 1924 - 1220 pages
...it is placed on all sprinkler leakage policies. Co-insurance Clause: This clause provides that the company shall not be liable for a greater proportion of any loss than the amount of insurance bears to a stated percentage of the value of the property insured. The... | |
 | Blake Snyder, Wilmot Lippincott - Real estate business - 1925 - 744 pages
...all the insurance companies interested in the risk on an equitable basis. The policy provides that: This company shall not be liable for a greater proportion of any loss or damage than the amount hereby insured shall bear to the whole insurance covering the property, whether valid... | |
 | John Abrum Powelson - Accounting - 1926 - 760 pages
...if he should cancel his policy. A policy may contain a co-insurance clause, which reads as follows : This company shall not be liable for a greater proportion...described herein than the sum hereby insured bears to — per cent of the actual cash value of said property at the time such loss shall happen. The usual... | |
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