A Study of Accidents and Accident Insurance

A Study of Accidents and Accident Insurance

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900 edition. Excerpt: ...this class of claims. Attempts are very often made to deceive the company as to the date of injury. Persons who have been insured, and whose insurance has run out, renew their insurance, and then attempt to recover for accidents received during the time they were uninsured. Persons who are not insured sometimes make claims. In a case within our knowledge, a claim was made for $7,500 by a person who never was insured in the company, the company declining to accept his application. Suit was brought on the ground that the liability commenced with the forwarding of the application. The judge took the case from the jury, and decided for the defendant. Very frequently claims are made for rheumatism, lumbago and other diseases. Claimants often deceive their attending surgeons, claiming to have received an accident of which they can furnish no proof, either by marks upon the body or by witnesses. Deception is also attempted in giving the duration of the disability, by claiming indemnity for weeks after they were able to resume the duties of their occupations and surgical attention had ceased. In fatal injuries companies are obliged to protect themselves against claims for death due to disease, such as apoplexy, epilepsy, coma, heart disease, kidney disease, alcoholism, etc. Accident companies insure men from eighteen to sixty-five years of age for $5,000 in select and preferred risks, at a cost of from $20 to $25 a year. The price charged for accident insurance, compared with the cost of life insurance, will show that accident companies cannot afford to pay for disease. At twenty-five years of age, an insurable person would be obliged to pay, for a straight $5,000 life insurance policy, $99.25 a year; at thirty-five years of age he would pay $134...show more

Product details

  • Paperback | 38 pages
  • 189 x 246 x 2mm | 86g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236959167
  • 9781236959164