Traders Insurance v. Cassell

The policy of fire insurance upon which this action is based provides, among other things, that “if the property be sold, transferred, or is or bécomes encumbered by mortgage or trust deed, * * * or upon its passing into the hands of a receiver, or if this policy be assigned before a loss, then, and in every such case, this policy shall, without the written consent of this company thereto indorsed hereon, become absolutely void.” It also provides that neither the agent who issued the policy, nor any other person, except the company’s secretary, has authority to waive any terms of the policy,…