Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-19
WIDER INSURANCE
COVERAGE OFFERED
New Burglary and Robbery
Policies Provided for
StorekeeperS.
BY RoLLIN NJ. CLARK.

Insurance is constantly developing
new forms of protection to meet pres
ent-day needs. The latest development
Is new burglary and robbery policy
for storekeepers. Just announced by the
leading casualty companies affiliated
with the National Bureau Of Casualty
and Surety Underwriters
Designed to meet today's crime con-
ditions, this policy differs from its
predecessors in that it groups in one con-
tract coyerage against all conceivable
hazards of criminal violence and strong
arm methods Heretofore 8 storekeeper
has been compelled t. purchase several
different policies in order to obtain COM
pete protection Usually he purchased
one, and when loss occurred found
that he lacked the proper coversge.
Wide Coverage.
The new policy is to be written with
seven indemnity clauses, each covering
against a specific hazard up 20 $3.50
When additional protection is needed
multiple policies may be taken out. The
insurance viii be continuous. so that
any number Of bona flde burglaries or
robberies occurring in given year will
be covered without diminution Of COW
erage or extra premium payments.
The hazards insured against under
the new contract include kidnapping,
when the victim is forced to 60 back
to the store TO open the safe; robbery
In the home Of money or securities
used in the business, hold-ups either
in the store or on the street. safe
burglary or robbery. open stock bur-
glary or robbery, burglary from a bank
night depository and also property dam
age due TO or caused by burglary or
robbery,
For rating purposes the country is
divided into four territories, with sepa-
rate rates in each. These reflect the
companies experience, and thus show
the varying hazard in different parts of
the country.
The highest rate is $50 for a single
policy. charged in Chicago and Cook and
Lake Counties. Ill. and Detroit and
Wayne County, Mich. A $40 rate will be
used in Los Angeles and San Francisco
Counties, Calf; johnson and Wyandotte
Counties. Kans. kansas City section)
and jackson and st. Louis Counties,
Mo. The rate is $35 in Florida; Henne-
pin and Ramsey Counties, Mimi Min
neapolis and st. Paul section) Douglas
County Nebr. Omaha section; Bronx,
Queens and Manhattan boroughs. N. Y.
New York City section) Cleveland and
Cuyahoea County. Ohio, and King
County, Wash. Seattle section).
Cost Reduced.
Being issued at a flat premium
charge, the new policy sells for a frac-
tional part of the cost of similar cover
age under old policy forms, the national
bureau states. The purpose behind the
development Of the new form. of course,
Is to make this line more attractive and
more productive as source of bust
ness. Unless the crime wave suddenly
abates, its popularity seems assured.
Another new policy just announced
by these same companies is public la
bility protection for owners of motor
boats. While some individual com
panies have written this coverage in
the past, this is the first time a definite
rating method has been formulated for
the use of all member companies Of
the bureau. 1t is not designed for
large boats now covered by marine in
Surance, but is expected to appeal to
owners of cupboard craft and smaller
tnboard boats, which today are not
generally covered by marine policies
Copyright. 1917