Page 364 - IC38 GENERAL INSURANCE

vii. Situation

Location in a congested area, exposure to hazardous adjacent premises and
distance from the fire brigade is an example of physical hazard.

b) Marine

i. The age and condition of vessel

Older vessels are inferior risks.

ii. The voyage to be undertaken

The route of the voyage, loading and unloading conditions and warehousing
facilities at the ports are factors.

iii. The nature of the stocks

Articles of high value are exposed to theft; machinery is liable to breakage
in transit.

iv. The method of packing

Cargo packed in bales is considered to be better than cargo in bags. Again,
double bags are safer than single bags.

Liquid cargo in second-hand drums constitute bad physical hazard.

c) Motor

i. The age and condition of the vehicle

Older vehicles are more prone to accidents.

ii. The type of vehicle
Sports cars involve greater physical hazard etc.

d) Burglary

i. The nature of the stocks

Articles of high value in small bulk (e.g. Jewellery) and easily disposable are
considered to be bad risks.

ii. Situation

Ground floor risks are inferior to upper floor risks: private dwellings situated
in isolated areas are hazardous.
iii. Constructional hazard

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