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An alteration is the use of condition of a thing insured from that to which it is limited by the policy made without the consent of the insurer, by means within the control of the insured, and
increasing the risks, entitles the insurer to rescind a contract of fire insurance.
EFFECT OF AN ALTERATION IN THRE USE OR CONDITION OF A THING INSURED FORM THAT
LIMITED BY THE POLICY
The insurer may rescind a contract of fire insurance provided the following
requisites are present:
1. The use or condition of the thing insured is specially limited or stipulated in the policy;
2. Such use or condition is altered;
3. The alteration is made without the consent of the insurer;
4. The alteration is made by means within the control of the insured;
5. The alteration increases the risk; and.
6. There must be a violation of a material policy provision.
increasing the risks, entitles the insurer to rescind a contract of fire insurance.
EFFECT OF AN ALTERATION IN THRE USE OR CONDITION OF A THING INSURED FORM THAT
LIMITED BY THE POLICY
The insurer may rescind a contract of fire insurance provided the following
requisites are present:
1. The use or condition of the thing insured is specially limited or stipulated in the policy;
2. Such use or condition is altered;
3. The alteration is made without the consent of the insurer;
4. The alteration is made by means within the control of the insured;
5. The alteration increases the risk; and.
6. There must be a violation of a material policy provision.
