Casualty Insurance for Automobile Owners

The title of this paper requires an explanation. Automobile insurance embraces such a wide range of coverage that it is necessary to limit the scope of the subject matter to be discussed. Every conceivable misfortune that can happen to the owner of an automobile or to the automobile itself (except deterioration and wear and tear of the automobile) has been made the basis for insurance. The principal forms of coverage are fire, transportation, theft, public liability, property damage and collision. Fire, marine and casualty insurance companies are interested in different phases of the insurance. In some states a single carrier may issue so-called complete protection, embracing all forms of coverage. However, these cases are exceptional and as a general rule the field is parceled out to the three branches of the insurance business. Where this condition obtains complete coverage can be offered only under combination policies issued by fire or marine and casualty insurance companies acting cooperatively ..…