Clause limiting or invalidating policies if property is encumbered is void.

  1. Law
  2. South Carolina Code of Laws
  3. Insurance
  4. Property, Casualty, And Title Insurance Generally
  5. Clause limiting or invalidating policies if property is encumbered is void.

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Any clause in any policy of insurance purporting or undertaking to limit or invalidate the force of the policy in case of encumbrance by real estate mortgage of the property insured by the policy is void.

HISTORY: Former 1976 Code Section 38-9-210 [1947 (45) 322; 1952 Code Section 37-156; 1962 Code Section 37-156] recodified as Section 38-75-50 by 1987 Act No. 155, Section 1.


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