’QUAKE DAMAGE

Hokitika Guardian, 4 August 1932, Page 3

’QUAKE DAMAGE

SUGGESTED INSURANCE SCHEME. NAPIER, August 2, A proposal, 'based on t voluntary subscription to ensure isoine measure l of relief against the cost of repairing damage caused to dwellings by minor, earthquake shocks, such as that of May 5 ' is 1 being considered by the -Napier Municipal authorities. “We have no power to authorise an insurance scheme with power to levy for premiums, hut the poisibilities' of a voluntary scheme are being considered, and a good deal of encouragement has been received from quarters where the proposal has beer di«cuissed,” said the Chief Commissioner, Mr J- S. Barton. It was intended that owners of property who oo tributed to tile fund should ’ to driw on .it up to a cert" in drder to defray the cost of " pairs, should they be necessary at any time 1 . The provisions of at ordinary 'earthquake cover were liseleon in the event of a minor'shock, '■** the insurance companies required <b r 1 . i-v-holders to meet) the first- ' the cost of any damage.' Tt was explained by 'Mr Barton th"t if at the end of Wo or three years, the fund created had not been call>l upon, it would be possible to suspend the! edileetion from Volunteer subscribers, and to hold the sum accumulated for any emergency.

One of thie: principal objects of the proposed was the avoidance of the pcs--sibiiiitv of having to abbe'd to tie TVbminidn (for help in meeting the effects of iif»i»»or shocks.