UNIQUE INSURANCE
WOMAN AND RE-MARRIAGE. SECURITY. FOR A WAN. An extraordinary policy, which was Issued by an insurance company in New Zealand was related by Mr. H. E. Vaile, president of the Auckland branch of the Real- Estate. Institute. A widow, who wanted to borrow. £4OO, offered as security a property which had. been bequeathed to her on condition thau she did not re-marry. The money was lent, the lenders, to protect themselves, taking out an insurance policy which would recoup them in the event of the woman taking a second husband. She did not remarry during the period of the loan, which she eventually paid off. ' “The singular thing,” said Mr. Veale, “was that the insurance company did not even demand an inspection of the Indy before issuing, the policy. The premium was the same whether the lady was pretty or. not, whether her chances of remarriage were promising or remote.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19321028.2.124
Bibliographic details
Taranaki Daily News, 28 October 1932, Page 9
Word Count
152UNIQUE INSURANCE Taranaki Daily News, 28 October 1932, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in