Recovery position
Cartwright, Cassandra
Recovery position - 2008 - Estates Gazette (0820) 24 May 2008, 130-131(2) .
Second of two articles considers the merits of including a non-invalidation clause in commercial property insurance policies. Such a clause adds to the insurance cost and covers landlords against unwitting invalidation of their policy. Tenants whose landlords hold this clause may seek to protect themselves from action by insurance companies by requesting a waiver of subrogation letter. Examines the doctrine of frustration's application to properties destroyed by fire. Considers who should insure when sale contracts are exchanged. Questions whether landlords can retain earned commission when arranging insurance, and relevant RICS codes. Also considers new and changing risks. (See L143479.)
MARK ROWLANDS LTD V BERNI INNS LTD
NATIONAL CARRIERS LTD V PANALPINA (NORTHERN) LTD
LAW OF PROPERTY ACT 1925 S47
United Kingdom--
Recovery position - 2008 - Estates Gazette (0820) 24 May 2008, 130-131(2) .
Second of two articles considers the merits of including a non-invalidation clause in commercial property insurance policies. Such a clause adds to the insurance cost and covers landlords against unwitting invalidation of their policy. Tenants whose landlords hold this clause may seek to protect themselves from action by insurance companies by requesting a waiver of subrogation letter. Examines the doctrine of frustration's application to properties destroyed by fire. Considers who should insure when sale contracts are exchanged. Questions whether landlords can retain earned commission when arranging insurance, and relevant RICS codes. Also considers new and changing risks. (See L143479.)
MARK ROWLANDS LTD V BERNI INNS LTD
NATIONAL CARRIERS LTD V PANALPINA (NORTHERN) LTD
LAW OF PROPERTY ACT 1925 S47
United Kingdom--