This section is from the book "Practical Real Estate Methods For Broker, Operator & Owner", by Thirty Experts. Also available from Amazon: Practical Real Estate Methods for Broker, Operator, Owner.
At this point I wish to call your attention to the fact that the courts have ruled that, where the policy has once been voided by failure to comply with its conditions, it is not automatically brought to life again by a correction of the faults. For instance, a building once vacant for a longer period than allowed, would not be properly covered by the existing policy, even if the building became occupied at a later date, unless the necessary permission be granted in the first place.
The policy does not cover loss to "awnings, bullion, casts, curiosities, drawings, dies, implements, jewels, manuscripts, medals, pictures, scientific apparatus, sculpture," and it is necessary to enumerate these articles in issuing a household furniture policy so that the assured may collect on these articles which are usually part of his household effects.
In a manufacturing plant, dies, patterns, signs and awnings should be similarly treated.
In insuring apartment or tenement buildings, awnings, shades and stair and hall coverings, can, to a limited extent, be covered at the building rate, but care should be exercised that awnings are covered while in or attached to building, so that the period while same may be only stored in the cellars or basement will be provided for.
The use of electricity for light, heat, and power is now prohibited, except under certain restrictions, and the conditions of these clauses should be carefully observed.