Page 17 Advertisements Column 1

Press, Volume CVII, Issue 31500, 14 October 1967, Page 17

IT’S THE MAN MORE CARS, BEHIND THE WHEEL MORE ACCIDENTS: Vf H 0 MAKES THE RATES" Thit V ,ar mort People wiU driw mor* can for more miles m ■ •■■W IlinilkV I Ilk linilaUi mor* crowded roads at higher speeds than ever before— and All classes of Insurance follow essentially the same th * r * *** mort accidents. This year th* average cost of <ssn sffU'Sws ’•’•*• •» “” ta “ <••>»-.—«*•■ .»-. total paid out in claims determines the total premiums or * com P^ x cars, higher award wages for mechanics h <n»,£r£ wis'.uis -rvi <-» •» -»■ <*• DIRECTLY on frequency of road accidents and the cost ~ tht,t to rna}c * costs inevitable. of repairing damaged Premiums must follow <?o with claim* draining the car inmtrane* pool faster eiaims, up or down and the overall record of all motorists wh tnrn , ...■^. 4 .- determines whether car premiums stay high ar low, h y ’ somt overall increase in premium inflow whether th*p increaM or decrease. on a new system of car insurance M MIMUMOEMENT TO ALL MOTORISTS IHSUREO WITH THESE MEMBER COMPANIES OF THE MSURMOE COUNCIL OF NEW ZEALAND: ALBION MMMANCI COMPANY ITO, AMP. FIRE ANO SENSUAL INSURANCE COMPANY (NX) ITO; CENTURY INSURANCE COMPANY ITO; CML HRE ANO GENERAL INEURANCS COMPANY LTD; COMMERCIAL UNION OROW OP COMPANIES (CmmwhH IMm Arauraow Compmy Ud, Inauranau OffiM «f Aurtraßa ud, Nartb Britiah oral Mercantile huuranw Company Ud, Ocean Accident and Guarantee Corporation Ud, Union. Aceuranee Society ltd); EAGLE STAR INSURANCE COMPANY ITO; SHUMAN'S FUND INSURANCI COMPANY; GUARDIAN ASSURANCE GROUP (Guardian Anurenee Company Ud, BrHhh Tradere Insurance Company Udb HARTFORD FIRE INSURANCE COMPANY; HOME INSURANCE COMPANY ITO; LOMBARD INSURANCI COMPANY LTD; M.LC. FIRS AND GENERAL INSURANCE COMPANY (NX) ITO; MONARCH INSURANCE COMPANY OF NEW ZEALAND ITO; NATIONAL INSURANCE COMPANY OF NSW ZEALAND LTD; NATIONAL MUTUAL OROW OF COMPANIES (National Mutual Casualty tawrancra ltd. National Mutual Ph* Ineuraneo Company Ud); NEW ZEALAND INSURANCI GROW (Now Zealand hworance Company Ud, Now Zealand Ineuranee (UFe and Orawral) Company Ud); NX MUNICIPALITIES COOPERATIVE INSURANCI COMPANY ITO; NORTHERN A EMPLOYERS OROW (Northern Amuraneo Company Ud, Employom* liability Amuranee Corporation Ud); NORWICH UNION FIRE INSURANCI SOCIETY LTD; PURL ASSURANCE COMPANY ITO; PHOENIX ASSURANCE GROW (Phoenix Amuraneo Company Ud, Prauldenf Nre hmmneo Company Ud); PRUDENTIAL ASSURANCE COMPANY LTD; QUEENSLAND INSURANCE COMPANY LTD; ROYAL INSURANCI OROW (Royal IneoraMe Company Ud, Uvorpool and London and Gleb* Insurance Company Ud; London and Lancashire iMuranee Company Ud, Australian AManco Assurance Company); ROYAL EXCHANGE/ATLAS •ROW (Royal Exchmw* Assurance Atia* Assurance Company Ud); SOUTH BRITISH INSURANCE GROW (South British Insuranse Company Ud, Farmers' Co-operative Insurance Amedation of NX Ud, United touraaw Company Ud); SUN ALLIANCE LONDON GROW (Sun Ineuranee OfHeo Ud*, AlEanee Assurance Company Ud, London Assurance, MorsanlHo and OenoTal Insurance Company Ud); T. B G. FIRE AND GENERAL INSURANCE COMPANY LTD; VICTORIA' INSURANCI COMPANY LTD; YORKSHIRE INSURANCE COMPANY LTD. SHARING THE BURDEN MORE EQUITABLY: w WHAT IS THIS NEW SCHEME? In essence, to fix TOUR premium to fit TOUR have been evolved by the Insurance Companies to favour the carefid driver -r- the motorist who circumstances. Drivers who don’t make claims will pay less very considerably less than those does NOT make claims. Even so, under past systems of rating, the careful majority have to some extent who claim frequently ... cars which can be repaired economically will cost less to insure then those been penalised along with the careless and irresponsible minority who are responsible for increases in which are costly to put back on the road . . . premiums will be higher where the type of use involves E£“rji’“ eh ”■ ”“• "■. *** * *“• -.****«» *-*«•*?* Some ear owners will pay mere, many will pay less. But all will be more fairly treated than was possible the premiums of frequent claimants win become liable to a substantial loading. ' under the past system. 1 I 1 • . > 3 factors will decide premiums one... two... three... YOUR PREMIUM WIU FIT THE USE OF YOUR CAR YOUR raEM, UM nT YO V R F*" * tow ’P OTrer ? < YOUR PREMIUM Wil FW YOUR EXPERIENCE OF DRMNO, AND TWUK rxmuum WIU ni inn UM vr twk ww gpoHg modd? A run-of-the-mill family car or a luxurious status symbol? A 2 More ndles more often moan more likelihood of a claim. common make,'or an orphan? YOUR CLAIMS RECORD. The ear you own, and its use; fix the Travellers’ can on the read <ll day obviously an at makes a differencetothe repairbiU an accident - detailed analysis. premium. B ut your claims record will affect very greatly the . _ _ • .. xn. n t aw Of thoUBUIMS of elums hM proved that Myond all doubt. bcliml amnunt ym naw waar risk much mon often than the family car in the garage The Nao System prevUea S differentlprtM cfasses, baaed an the MAKE AND * ctuaJ amount W *ch year. —but the present broad classifications of “Business” MODEL at yew ear. > , u v THIS IS THE GRADING SCALE: anri “Prfvate’* use uenaHaa some and favour othen in Can have not been classified arbitrarily. On the contrary, the most painstaking [“earc 11 . . .i - . XiL,- has gone into their nting-with the cert of npyin a nrost important factor.’Die to. m both categories. The Nose Syetem ewaatvan rrtvater formula used takes all these points into considentien. *• h^— **•*’•• ** 1 .raaiua of ** awe Me « ctases, and nee Mo S—« total of • (1> Original list price new. ■’ • (3) Cos| of the manufacturer’s span parts. ; ... .. . f diffjimf ctaaocc to fflf iffftreat wire and re steHotiri • (2) Brake horsepower per ton. • (4) Ease er difficulty of repair. ' . owa. • taw to. ba* according to claims experience. this mean that careful and experienced owners of powerful and expensive can t iu. are to be charged mon than irresponsibles who drive eld bombs? No. Basic ratings *" **""* w*"« era* •» — MBB^Haßaaaß . MM^M a^^ M a MMM a M aMara for kigh-value cars may be higher but net premiums may well be vwy much lower. • V There are substantial discounts for. careful drivers, and loadings for irresponsibles, e«* « **" ** sew* don’t forget. There is another factor, too, to be taken toto , . ■ n.Mflll flrhrilltf Ufill eoutt Vflll POLICIES WILL NO LONGER PROVIDE FOR A “SUM INSURED” in respect of ' bfllwlUl OrivlllK Will ShVw you accidental damage. In the event of a total loss, you are indemnified for the actual to inm* *h* «. era* s »oy* a* pre-accident value of YOUR car. ■ . manau thia vaor’e nlaime (To comply with Government Earthquake Insurance Regulations a maximum sum a money IRIS year S Claims insured must be provided for fir. damage.) M A, hrarari wb. wMHto to ora* < *■>* to* to**. *to «** * Owners of cars in poor condition who previously insured for low figures at low t t <S W mmwß uaanla nwmsMßßßßto* premiums will now start on the same basic premium as is applicable to ALL cars a. toorati-wha .aaW* to era* r m. to* f"*.* *<• TIX next years premiums of that make and model. In effect, the better a car is maintained, and the higher ita ’ ’ market value and its safety potential, the lower the cost per $lOO of indemnity. In J addition, the careful claim-free owner receives the benefit of a lower grading. How do you know your grade? —— Year poet claim record deteraßinea the grade in which you eonuneMee Tour Ineuranee Company will tell you which grade this is.. Subsequently, gradings will alter in accordance with the plan at left **fZ»*ra rauuoi i. . **••** •"* WHAT CATEGORY IS MY CAR? HOW IS THIS GOING TO AFFECT ME PERSONALLY? A “** X » » «to* ”»«» ** —— - Cars will be densified under one of 8 groups, and the provisional grading of a selection cboura* • d ims. toa *<■ Orato i, a aari a arauia* *wa of makes and models is listed in the schedule appearing at right. Category A carries the . -■ . « "‘* b ! hwM baric promium, Category H th. Them gradtags were made by imparttai *-***.. consulting engineers to a formula which took aH the factors explained above into account za*Hr •ml hi c so>ar o* *?**■. • >w **. , r*. , y* ll ?,**".** New modds wM be added to the appropriate category as they come on the market z^ y r«Mkiv • « ’«* • MIMRO pMWMN BBMMB M VfRMD *• WDwM w WM G WIGVIIOM Btalmm • B VMnrftoH WyWGHI ® **•—*• *W. ♦* Ora* >. Prato«You win appreciate that it is not practicable to give complete details which will cover e c. • ' every tadlvidual ease in this exptanatlon of the main principles involved. But before Mlmt e vhra m. imf c Ibra, brara trato ia* i .avina *wa t. your policy falls due in 1988, you will recrive from your own Insurance Company an „ bbWlr , M omot ea voaowaam s toiaa yrautoau raw* la Ora* & Onto b, «, sa* • explanatory pamphlet and a notice showing your revised premium under the new scheme. w Howfc ibebab d woirato vne • Oooiua mtito awriaa riawa fa Ora* 7. La-J—■ 9 out of 10 motor accidents arise from human failure Ci olnciTiT—. inattention, failure to signal, excessive tion there were, approximately, over 200,000 acd- speed, and proper care and maintenance, could have premiums down for others. speed, reckless overtaking, failing to observe the dents involving property damage only. The total direct avoided much of this appalling national waste. This new scheme will distribute insurance costs traffic rules all play their costly part. and indirect costs of motor accidents in 1966 were gome motorists have driven for 25 years and more fairly to individual motorists by up-to-date and more How costly? Latmrt figures quoted by the Transport “timatrf ... m . without a scratch; most claim only rarely under their efficient means, and Member Companies will continue rtato. 549 persons were killed and 18,743 injured. In addi- happened. Intelligent driving, courtesy, reasonable more often should bo penalised in order to keep cost by encouraging safer dri ng.