Business & Finance: Auto Insurance

About three quarters of the purchasers of automobiles pay for them on credit over the course of the following year. The theoretical risk to the sellers has led progressive Walter P. Chrysler to adopt a plan whereby each purchaser of a Chrysler car will automatically receive a fire and theft insurance policy on it. The cost of the insurance is included in the price of the car. Thus not only is the owner protected, but also the maker. The idea has also appealed strongly to the General Motors Corporation, who are said to favor...

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