THIRD-PARTY RISK.
INCREASED PREMIUMS,
Per Press Association. WELLINGTON, April 9. Although the Minister of Transport (Hon. R. Semple) recently stated that third-party risk insurance premiums would not be raised, motorists will find that they will have to pay from £1 to £1 10s extra this year if they wish to be covered against passenger risk as it is-affected by the Law Reform-Act, 1936. Third-party insurance is compulsory and is paid when a motor vehicle is bein'- re-registered, but passenger risk insurance is entirely a matter lor the motorist himself to decide and to arrange with his own insurance eompa'lhe added liability brought about by the new Act has resulted m a more comprehensive policy, for which additional rates are charged, being issued by most of the insurance companies. The rates being charged by most oi the companies are as follow: , Limit of Cars. 1 lucks
The main point affecting the motorist n the new Act is that the comparative immunity formerly enjoyed by the motorist who made R a i ule never to carry anyone in his car othe than members of his family and his S i“ eliminated, benamje follow; jn,r a successful claim against tne driver of the other, car ty, «ay one s •He l"f»" d oV “d''J“ fomo hundreds of 'Jtr amount of the judgment in the earlier Court action. _
Indemnity. per year. P el J^ r - n £ a. d. i- *>• a - 100 too 100 1000 1 5 0 1 10 0 2000 1 3-0 0 2 10 0
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Bibliographic details
Manawatu Standard, Volume LVII, Issue 110, 10 April 1937, Page 9
Word Count
253THIRD-PARTY RISK. Manawatu Standard, Volume LVII, Issue 110, 10 April 1937, Page 9
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