Motor-Car Insurance.

Progress, 1 October 1907, Page 437

Motor-Car Insurance.

" First in the insurance world " is a phrase which may be applied to Lloyd's undciwnteis m a double sens? being equrillj "applicable as legirds age and standing This institution which has gradually become one of the greatest and most perfect organisations of the woild in connection with commerce and whose name has pissed into universal use as a hall-mirk of excellence and reliability had its origin in a gatheimg of met chants for business and gossip in r coif ee house kept by one, Edward Lloyd, in Tower street London The earliest recorded notice occurs in the London Gazett" of ]Bth February, 1088 <\s early as 1(392 it was foand necessary, on account of the growth of business to remove to a more central position in Lombard street, where business was conducted until 1774 when a further and final move was made to the Royal Exchange. That age and fame have had no tendency to lessen the enterprise of the members is shown by their readiness to cover every new contingency or risk which the march of civilisation may bring in its tram. The motorist has to face not oaly the chance of injury to bimself m the event of accident, but also the possibility of serious claims on the part of other persons involved Up to the present, New Zealand

motorists have had to meet such liabilities unaided and there is no question that the fear of claims of tins kind arising has deterred many from purchasing cars who would have otherwise done so. We are »lad to hear that Lloyd's underwriters have appointed the Motor Import Company, of 1.34 Herefoul street, Chnstchurch. their sole renrespnt-

atives for the Dominion, and have prepared, in consultation with them, a special policy adapted to local requirements The holder of one of then comprehensive policies covering against accidenta damage to his own car, third party claims (includ ing law costs), fire, burglary, and loss or damage during transit, either by rail or road within the islands, or by sea during the passage between the North and Middle Islands, should motor with a mind at ease ; whilst if he pays a slight additiona 1 premium and covers against personal injury te himself, his driver, and his passengers, he should forget what worry means.