Elliott v. Ashland Mut. F. Ins.

Citations

• 117 Pa. 548
• 12 A. 676
• 1888 Pa. LEXIS 442

Syllabus

<p>1. Where an insurance has become forfeited by a sheriff’s sale of the property insured, it is competent for the insurers, having notice of such sale, to waive the forfeiture; and, the property having then been re-acquired by the assured, the obligation of the policy will re-attach thereto.</p> <p>2. The purchaser of real estate by contract is the equitable owner, and liable to all loss that may befall the property, including loss by fire ; wherefore, the holder of such title, for the purpose of insurance may be said to be vested with the entire unconditional and sole ownership of the property.</p>