The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-03-27
Big Results Under Accident Policy.

What is said TO he ono OF the largest
payments on record under an accident
was Sl16.OOO received by the widow OF
John Nj. Carrere, the famous New York
architect. who died recently as a result
OF a fractured skull sustained In col
llsion between a taXicab and a trolley
car, The Carrere policy was in the Trav-
eers OF Hartford on the form known as
provide weekly indemnity. II was taken
out in August. 1907. the annual premium
being $3.50. four OF which had been paid.
The amount for which he was insured
was s5O0CO. and the indemnity was
doubled If the Insured was injured while
passenger In railroad train. street
Ing building steam vessel or a passenger
elevator" In addition the policy provided
for an annual addition for fve years OF
10 per cent OF the principal sum, or
which allowed a limit of $1,000 for hos
pital fees. including surgical operations.
medical attendance and the expense of
trained nurse. The accident having
taken place in taxicab, the insured was
entitled to double benefit, and having
been in force over three years there was
the time which elapsed between the ac-
cident and his death there were four
operations, making the surgical clause
operative. This Is the first time. accord =
Ing to insurance men. that every con-
tingencv covered in an accident policy OF
the kind was met In contract Of such
large size. upon, which the annual
MUM OF So for each $1,000 OF insurance
The death and dismemberment form is
usually purchased by men whose re-
attracted by the weekly indemnity pro-
vision. and for which all companies
charge S. per $1,000 insurance.
Recently there have been several large
losses by accident companies which sell
death and dismembermeut insurance.
N0table ABB among them o was -, S 3oiiey for
banker who was killed In an automobile
accident in France issued by the
Casually Company OF Ameriea. The
Garn"cie Trust Co. is now suing The
same company for about $4,000, the COM
rany claiming that Mr.. Dickinson's death
was not accidental
The payment of the Carrere claim
comes at a tinlc when the insurance de-
partments OF New York and Massachu-
setts are engaged in controversy with
insert the accumulative clause in their
accident policies. AT the recent meet
ing of the companies In New York VIII
liam Bro Smith. general counsel Of the
Travellers declared that his company
would contest In the courts any attempt
Of any Insurance department to abridge
its right TO make any contract It chose
covering accident to protective policy"
holders
Rejected Life Applicants.
The millions OF dollars OF Insurance
written on the lives Of residents OF the
United States each year make an aston
ishing total: but fact that ls far more
striking Is that almost as much insurance
Is turned down by the companies. Az
near as can he asccrtaIned. 1000. 900 OF
business Is rejected every year. That
means that men who can afford life in
surancc who want it and whose interest
has been aroused and worked up TO the
signing point BY agents In the field, have
been found lacking in the one vital thing
necessary to obtain protection, sound
physical being and proper personal his
tory The majority OF these men had
every confidence that they were all right
and there is little doubt but had each
and every one OF them made spplica tion
a little earlier In life he would have been
accepted IL is said that life insurance
statesmen rarely appreciate that COM
panics are ms loath TO make rejection1
as the prospect Is TO receive 1t. 1t means
that the proportion Of business on the
books al tho end OF the year, will bo
that much smaller. that a not !nconsd-
wasted In the effort and that the COM
must be charged up to profit and loss.
The whole thing summed up means
there Is but one safe rule for every man
who would protect himself and family
with Indemnity and that is TO take life
Insurance at once and as much as he
can possibly pay for at the start a
year. or even six months delay. may
mean his being denied IT. altogether.
Want Federal Supervision.
special TO thc Underwriters Report