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[ti:Fully Insured]
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[00:01.39]Lesson 43
[00:03.54]Fully insured
[00:11.94]Who owned the pie dish and why?
[00:17.58]Insurance companies are normally willing to insure anything.
[00:22.07]Insuring public or private property is a standard practice in most countries in the world.
[00:28.28]If, however, you were holding an open air garden party or a fete it would be equally possible to insure yourself in the event of bad weather.
[00:38.48]Needless to say, the bigger the risk an insurance company takes, the higher the premium you will have to pay.
[00:45.88]It is not uncommon to hear that a shipping company has made a claim for the cost of salvaging a sunken ship.
[00:53.09]But the claim made by a local authority to recover the cost of salvaging a sunken pie dish must surely be unique.
[01:02.03]Admittedly it was an unusual pie dish, for it was eighteen feet long and six feet wide.
[01:10.41]It had been purchased by a local authority so that an enormous pie could be baked for an annual fair.
[01:17.39]The pie committee decided that the best way to transport the dish would be by canal so they insured it for the trip.
[01:26.01]Shortly after it was launched, the pie committee went to a local inn to celebrate
[01:32.29]At the same time, a number of teenagers climbed on to the dish and held a little party of their own.