EARTHQUAKE INSURANCE PAYMENTS.

Press, Volume LXVII, Issue 20171, 25 February 1931, Page 13

EARTHQUAKE INSURANCE PAYMENTS.

BDITOB or THB FBEBS. an official of the - State' made an attempt to answer ■ in. yesterday's issue of your §||fei£ in effect, endorsed my stated EtMt his • Department pras rasing SiWMlMate policy condition for gjsjtfiaion of earthquake fire darnaimed that the State Office similar .in effect to that |pprjß>e Proprietary Companies, and jpuoted in support of his case the jfaetary Companies' clause which pn force in 2905. This is the very Ktf which I referred to in my yesfcerB* letter as the one which was dis|4 by all well-conducted insurance £ J which have for years used the &iis insurance does not cover loss pjpicage directly or indirectly, prox■poly or remotely occasioned or ggmiuted to, by or arising out of |pffl!djnffiexion with earthquake, huror any; consequence of any said occurrences." pafciilbfl noted that this clause is different from that quoted by the ||& ; 3rire Office. No doubt one efwill 'btf~-a <belated alteration of the tK|%nditioas of the State Office, ao will,' in. future, buciWJy.'ia tew exclude the risk / of from earthquake. / |mms;»Balt of.this correspondence be that 4 tfiose of 'your 1 intelligently follow the jffpi will realise that the State ifH|^ y in'rising a clause which exariaing through earthquake overlooked the fact that not exclude loss by during an earthBEMKW' of your readers who aplegal point will underOffice has agreed by fire, and has relosses' by earthquake* enßued.—Yours, etc„ ywism.