RISKS ON ACTIVE SERVICE

Press, Volume LXXX, Issue 24372, 26 September 1944, Page 3

RISKS ON ACTIVE SERVICE

INSURANCE POLICIES OF SERVICEMEN WARNING BY R.S.A. The attention of the Dominion executive of the New Zealand Returned Services’ Association has been drawn to a matter that is causing serious losses to dependants of men killed while on active service. “As the law now stands, a person who insured his life since the outbreak of war ceases to be covered as soon as he goes overseas and for six months after, if death occurs as a direct result of his war service, unless an additional premium of £7 10s is paid for each £IOO of the sum assured, states the executive. “This has also an important bearing on mortgage repayment insurances. In the case brought' before the notice of the New Zealand Returned Services Association a soldier was grafted a loan by the State Advances Corporation when a civilian in 1940, the corporation insisting, for their own protection on the man taking up a mortgage repayment insurance policy. This policy carried with it*the usual provision that certain war risks were not covered by the mortgage repayment insurance unless the additional premium previously referred to was paid. “In this case the soldier left New Zealand approximately two years after the mortgage and the insurance were effected and apparently considered his home for his wife and children adequately protected by the arrangements he and the corporation had made, regardless of the fact that the insurance carried the memorandum of agreement absolving the insurance company from risk due to war service. “He was killed in action and his wife and family were justified in taking some comfo# in the thought that his life insurance would protect his mortgage. Such hopes, however, proved to be false, as nobody except the State Advances Corporation and the insurance company concerned appeared to

know anything of the document which released the insurance company of its obligations to pay out to the corporation.” • HE LOOKED BUT . HE DIDN’T SEE John Jones was a man who didn’t believe in buying a pig in a poke, so when he was purchasing a piano for his family 'he did lift ■ the lid and strike a few notes, to make sure the “works” were there all right. But Mr Jones wasn’t a piano expert, and though he looked inside, it didn’t do him much good. For that piano had two defects which nobody but a piano expert could have detected. First, there was borer, not visible to casual inspection. Secondly, the plank was so badly strained that accurate tuning was impossible. You can imagine Mr Jones’s feelings when he learned the truth about his “bargain” piano! People without “inside information” should buy only from recognised piano dealers, whose reputation offers protection to the public. Charles Begg and Co. Ltd., are a national institution with modern shops in ten cities. They are piano experts with 82 years’ experience in buying, selling, constructing and repairing instruments Begg’s used pianos are all thoroughly examined and reconditioned, and are offered at prices that represent to-day’s true value. Begg’s service protects both buyer and seller. Begg’s pay best cash prices for pianos of all makes and keenly urge owners of idle pianos to make them an offer or to ask for Begg’s valuation. —5