ENDOWMENT FIRE INSURANCE.
Can any actuary or public man advance a logical reason why the endowment principle should not be applied to fire insurance as it is applied to life? Why should not a man be able to insure Tiis house so that, at the end of, say, thirty years, he could draw a sum sufficient to enable him to re-build? Does it ever occur to the State and to Insurance Companies that the present system, which takes all and gives nothing excepting in case of accident, offers a premium to incendiarism? The idea of an endowment system of fire insurance is deserving of thoughtful consideration.
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https://paperspast.natlib.govt.nz/newspapers/WAG19110503.2.11
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Wairarapa Age, Volume XXXII, Issue 10228, 3 May 1911, Page 4
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106ENDOWMENT FIRE INSURANCE. Wairarapa Age, Volume XXXII, Issue 10228, 3 May 1911, Page 4
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