COST OF INSURANCE.

Hawera Star, Volume XLVI, 17 May 1926, Page 8

COST OF INSURANCE.

' "i - RATES' FOR. MOTOR ’BUSES UJY TELEGUAPH —PEESS ASSOCIATION.) WELLINGTON, May 15. In the ’bus regulations, clause nine stipulates that in older to ensure the safety of tile public, 111 re owner ol 'buses must, eilecit insurance with insurance olficew carrying on business in New Zealand. The.. terms ■ have now been fixed by the companies;, after a conference.. Briefly, they are as; follow: To cover the owner’s, liability of death or bodily injury to any person and damage to any pro.perty in the case of a ’bus having seating accommodation for seven persons, the limit of liability is £3oUO; for ’‘lmseiH licensed to carry (passengers in excess of seven it ivs increased by £SOO for each additional paissteng;e.r. The liability, therefore, works out. ns follows: Sevense&ter, £3500; 12iseiaite.r, £6OOO ; 20seater, £10,000; 30-sieater, .£15.000. The ‘amount that can be olialmea by any one injured person is limited to £2OOO.

The premiums fixed by the companies fco cover owners’ ld'a.bilities are: For .seven-seater. £35 per ainnum, with £1 additional for each seat to twelve and IDs 'additional for each seat in excess of 12. The premium on the 12-seater therefore, is £4O, on acfiOnseater £44, and on a 30-ssea.ter £49. Owners having five or • more ’buses l-eceive >a discount of five per cent. ; tbo.se with 10 or more 10 per cent.