Page 406 - Misc Ebook IC 78

The Insurance Times

mainly on account of the shrinking, warping of the wood
work it takes time to settle and under the circumstances
may damage the glass.

In this kind of situations cover may be deferred for some
time to allow for the adjustments. Vacant premises
provide greater hazard since the damage may be
affected easily without detection for a long time. The
locality i.e whether it is
(i) street corner or
(ii) slum area or
(iii) disturbed localities with children playing on the

streets or hooliganism is present or
(iv) narrow thoroughfares with heavy traffic.

Higher rates are often charged for the showrooms,
garages, jewellers etc. In case of the latter, the special
hazard arises from the possibility of damage in smash
and grab raids. The rate of premium depends on the
type of glass, the situation, previous experience and the
locality of the neighbourhood.

The rate ranges from 5 % to10% of the value of the

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