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Steam Boiler Insurance; A Series of Lectures Delivered Before the Insurance Institute of Hartford, 1914

Steam Boiler Insurance; A Series of Lectures Delivered Before the Insurance Institute of Hartford, 1914


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 Excerpt: ... USE AND OCCUPANCY INSURANCE UNDER BOILER AND FLY WHEEL POLICIES BY W. R. C. CORSON Assistant Secretary, The Hartford Steam Boiler Inspection ana Insurance Company APRIL 21. 1914 Most classes of insurable property would involve in their destruction some loss to their owners, or to those having other interests in them, other than the mere value of the property loss measured by its replacement cost. This is true, because for the most part insurable property exists for a utilitarian purpose and the attainment of that purpose would, of course, be interrupted by the loss or damage to that property. Any interruption of usefulness means generally a loss of something, if it is only a loss of time, but as in these days time means money, the interruption of the use of a property generally involves a loss which, at least in the minds of those who suffer it, can be measured in our currency units. It is because business interests have begun to realize that such a loss would accompany the destruction of property that a demand for its protection has arisen. The insurance companies find that this demand is in sufficient volume and for a justifiable protection against loss. They have met this demand, therefore, with a line of insurance which is generally known as use and occupancy insurance. The name of this class of insurance is broad enough to signify a protection against any kind of a loss which might result from the deprived use or the deprived occupancy of a damaged property. Indeed under it is often classified insurance against consequential loss to property and loss of customers, good will, or the profit of a favorable market condition which results from the inability to complete manufacturing processes because of damage to a producing plant. It would be difficult to...


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Product Details
  • ISBN-13: 9781235860935
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 26
  • Spine Width: 1 mm
  • Width: 189 mm
  • ISBN-10: 1235860930
  • Publisher Date: 01 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 68 gr


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Steam Boiler Insurance; A Series of Lectures Delivered Before the Insurance Institute of Hartford, 1914
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