Bulletin H A S K I N S & SELLS 47
The Insurance Man Speaks
" Y O U asked me for brief information
re: 'sound value as known in the
New York Standard Fire Insurance Policy.'
"The meaning of the phrase 'sound
value' is 'cash value' as applied to a policy
of fire insurance. It is the cash value of
the property insured to an owner at the
time a fire occurs.