BUS INSURANCE.

Auckland Star, Volume LVII, Issue 114, 15 May 1926, Page 14

BUS INSURANCE.

OWNERS' NEW OBLIGATION. LIABILITIES AND PREMIUMS. (By Telegraph.—Press Association..) WELLINGTON, this day. Clause 9 of the bus regulations stipulates that, in order to ensure the safety of the public, owners of buses must effect an insurance with insurance offices carrying on business in New Zealand. The terms of such insurance have now been fixed by the companies after a conference. Briefly, they are as follows: To cover owners' liability of death or of bodily injury to any person, and damage to any property of any person in the case of a bus having seating accommodation for seven persons, the limit of liability is £3500; for buses licensed to carry passengers in excess of seven, the amount is increased by £500 for each additional passenger. The liability, therefore, works out as follows: Seven-seater, £3500; twelveseater, £000; twenty-sea tor, £10,000; thirty-water, £15,000. The amount that can be claimed by any one injured person is limited to £2<lf)(). The premiums fixed by the companies to ('(nor owners' liabilities are: For seven seater, £35 per annum, with £1 additional for each seat to twelve, and 10/ additional for each seat in excess of twelve. The premium on a twelve-seater, therefore will be £40; on a twentysoatcr, £44; on a thirty-seater, £49. Owners having five or more buses receive a discount of 5 per cent, those with ten or more, 10 per cent.