Jump v. North British & Mercantile Insurance

Citations

• 44 Wash. 596
• 87 P. 928
• 1906 Wash. LEXIS 886

Syllabus

<p>Insurance — Loss by Fire — Conveyance of Insured Property— Purchase-Money Mortgage by Vendee — Conditions and Provisions of Policy — Construction. A policy of fire insurance providing that any change in interest title or possession of the property insured shall work a forfeiture, unless agreed to, is rendered void by an absolute sale of the property, with a purchase-money mortgage back to the insured to secure part of the price, without notice to the company; since the terms of the policy are unambiguous, and the mortgage back was a mere security retaining no title in the insured.</p>