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Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

In the law of fire insurance. A policy which contemplates that the risk is shifting, fluctuating or varying, and is applied to a class of property, rather than to any particular article or thing.

1 Wood, Ins. § 40. See Insurance Co., v. Baltimore Warehouse Co., 93 U. S. 541, 23 I Ed. 868; Insurance Co. v. Landau, 62 N. J. Eq. 73, 49 Atl. 738.