The Archive · 1925

Local War Risks

In view of the experiences which during the hostilities, one or two inquiries have been current as to war risk insurance in Shanghai, It is learned that there is general rate of one per cent. three months here, but companies loftering this are by no means anxious to insure houses likely to come within range of the guns or men of the rival armies. Lloyds, however, are as usual available in a case of this sort, but their premium is three per cent., also for three months.To show the expense which this entails on a house proprietor wishing to protect his dwelling and its contents, we may assum argument that the total val idering costs in these the owner-proprietor fortunate enough to get insured at the local rate of one per cent. he will be paying Tls. 300 for his three months' protection—a nice little! uldition of Tls. 100 a month to his budget. If, however, the local rate not available for him and he wants to be insured it will be Ti 100 a month, and even those wi \comes which taipans yes said to. posses: ikely to jib at that, It is good example of what these local Wars are apt to cost us, and the assumption that neither' Lloyds nor the insurance companies have done

Text read from the printed page and cleaned; old type leaves the occasional error.

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