Unclaimed Rebates
The Consumers' Institute has repeated a warning it made 15 months ago that many home owner* are missing an insurance rebate to which they are entitled but which they fail to claim. The latest issue of the Institute’s magazine, “Consum er,” says: “Many people who are paying off their home* on mortgage are failing to recover two or three dollars a year in insurance which is lawfully claimable by them. This is because they don’t know that the person who lent them the money for the mortgage should be paying half the premium on their earthquake and war damage insurance. “The value of the premiums paid by householders and businessmen into the Earthquake and War Damage Fund since 1944 is $66 million, several millions of which could have been claimed as a refund from the lender. “From the volume of surprised correspondence we have received since we first ran an article on this subject 15 months ago, we doubt that any more than a small portion was ever claimed by the mortgagors,” says "Consumer.”
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Bibliographic details
Press, Volume CVIII, Issue 31658, 19 April 1968, Page 17
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176Unclaimed Rebates Press, Volume CVIII, Issue 31658, 19 April 1968, Page 17
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