The San Francisco call., 1907-03-03
ProposedStandard PolicyImposesMany
Restrictions on Companies


either the insured or this company, be
ascertsined by appraisers. provided.
that such demand on the part OF this
company shall be made within fifteen
GAYS after the service of insured's proof
of loss. in which event the insured and
this company shall each select a COM
petent and disinterested appraiser. and
the two so chosen shall first select
competent and disinterested umpire.
who shall be a resident of the county
in which the loss occurred; the ap-
praisers together shall then estimate
and appraise the loss, stating separately
sound value and damage, and, falling
TO agree. shall submit their differences
10 the umpire; and the award OF any
two sHall determine the amount Of such
loss; the parties thereto shall pay the
appraiser respectively selected by them.
and shall bear equally the expenses of
the appraisal and umpire.
IT THERE SHALL BE ANY OTHER
INSURANCE on the property
AppOr- described. the insured shall
uOn- recover under this policy no
ment of greater proportion of the loss
loss or damage sustained than the
sum hereby insured bears to
the whole amount insured thereon.
WHENEVER THIS COMPANY SHALL
PAY ANY LOSS, the insured
subrO- shall IL required. assign to
Sahon- II, 10 the extent or the
amount so paid, all rights TO
recover satisfaction for the loss or
damage from any person. or corpora
ton. except other insurers.
IF THIS POLICY SHALL BE
MADE PAYABLE TO A
Mort MORTGAGEE Of the insured
sage property, no act or default
clause. OF any person other than
such mortgage shall affect
CTT~ - No. -4e~r .fe IL
case OF loss or damage on said prop
erty; provided, that the mortgage
shall. on demand, pay for any increase
Of risk not paid for by the insured,
and whenever this company shall pay
TO a mortgage any sum on account
OF loss or damage under this policy
for which it is claimed by this company
that no liability exists as TO the mort
gagor, this company shall, 70 the ex-
tent OF such payment, be subrogated TO
all the rights OF the party TO whom
such payments shall be made in and
TO ell securities held as collateral to
the mortgage debt; and If this COM
pany shall elect to pay the mortgage
the full amount secured by such mort
gage, the mortgage shall assign and
transfer to this company. upon such
payment, the said mortgage. together
with the note and debt thereby secured
THIS POLICY MAY BE CANCELLED
at any time at the request
Cancel OF the insured, who there
Iatfon upon shall be entitled TO
clause. return of the portion of the
premium remaining. after
oeducting the customary short rate for
the time this policy shall have been
in force.
This company also reserves the right
after giving written notice to the in
sured and to any mortgage. or other
party TO whom this policy IS made
payable, and rendering to the insured
ratable proportion Of the premium.
IL paid, TO cancel this policy as to all
risk subsequent to the expiration of
FIVE days from the service of such no
tice.
NO ACTION AGAINST THIS COM
PANY for the recovery Of
Time for any claim by virtue of this
COM policy shall be sustained in
mencing any court of law of this
action. State, unless commenced
within one year from the
time the loss or damage occurred: de-
lay in serving proof OF loss shall not
prevent recovery, but shall postpone
the accrual of his cause Of action until
sixty days after such service.
IF THIS POLICY BE MADE BY
MUTUAL or other company
PrOvfs- having special regulations
ION for lawfully applicable TO its or
mutual ganization, membership. poll
fnsur- cies or contracts of insur-
ance. ance. such regulations shall
apply TO and form a part of
this policy as the same may be writ
ten or printed upon, attached. or ap-
pended hereto.
IN WITNESS WHEREOF this com
pany has executed and attested these
presents this. day Of. 19...
G.eave space OF one inch for signatures
of company of1cers.)
Countersigned At. this. -. day
OF. .. H..