The Massachusetts spy. [volume] (Worcester [Mass.]) 1821-1823, 1821-11-21
FIRE Insurance.

VIE PRESIDENT and Dr.
~ REGIONS OF the MERCHANTS INSJI-
RANCE COMPANY hereby give notice. tbat
their Capital Stock is 300. 900. and is ;nvast.
ed in the manner prescribed in their Act ocIn-
oration:-That they receive pronosals ana
make Insurance az their Office, in State-strect
on the corner of EXchange-street. 10 an amopmt
not exceeding $4,000 on a ri, k, on DrefEpg-
tioUses, Stores aud other BasihSags; o., F'urn3
'atfe, .WeTchandiee, Tesscls, Cagsces. and ofbey
properly exposed 10 loss by Fire. buildings
moftsagcd as collateral security NAV be ins,Ir-
Ell, making the loss payable to the mortearer
OF o. mortgage, as may be agreed blythe parties.
ooocs pledged or hypothecated, property held
~ uuS'; goods consigned for sale whercon adj
ii''Ee oeeh made or responsibilities in
su''eu' anu any contingent or qualified inter
ests III property or buildings, may be nsures
Tor the ultimate benefit of the real party i, Il.
terest, making the loss payable to the ov,,e.
or otaerS, as may be agreed Insurance NAV
De made for any term of time agreed on. No
particular form is necessary in ma l,inc proposals
ior insurance; but when the pre mises ere NOT
KNOWN at me offce, it is useful TO accompany
IN! the proposal with plan of the buildings to be
insured, ana OF such other buildings as n,ateri
any ahect the risk upon it. 1t is not uecessa
y ,hat tile plan should be graduated with
ma'hematicai precision; such as NAV be drawn
lrom memory is generally sufficient.
insurance may be made OH specifck articles
or on property generally described, as Stock IN,
Trade, Furniture, blackberry, Fools. &c. and
may DC valued or not. In case of loss Inv fire.
the Company pay all losses, however small.and
90 not make an average of the loss. az IN ma
rine insurance, but pay the whole amopnt
proved to have been sustained. not excee1iug.
the sum insured. Under this arrangement tbe
company do not participate in the salvage up-
III after the whole amount of property unin-
sureo mas been saved for the owner. No sne->
cilck KIND OF evidence is required to prove a
loss' put 1t Is expected that reasonable proof
according TO the nature OF the case will be pro-,
ouced. By Their policies the. Company enaas
70 refer 10 aroltTators, when the parties can.
NOT agree, ana when this is not satisfactory, the.
ois'lliidht mas ms legal remedy and may attach
property, if that should be THOUGHT necessary
The safest class of Brick Buildings in Boston.
are insured at one quarter per cent. ger nnnun,
and the safest class of Wooden B,,ild;np,
standing alone, and not liable to be burned Inv
any other, are insured at one half per cent. per
Gnnont. Buildings occupied for harzardous
purposes or connected with other buildings so,
as TO be liable TO be burned by them. are
charged with proportionably higher premiums
ne pohcies OF t5is Company do not contain
any list OF hazardous trades or articles which.
shall render the contract void; but true rep
resentation being made. the premium is gradu.
ated according to the risk
The premiums paid on receipt of the Poll
cy, and the loss is payable in thirty days after
proof. Both are payable in Boston money. or
ITS equivalent On the safest class of Buildinoy.
1T will be perceived, that it requires four hun
dred years premium on any given sum insured,
to pay total loss. and the changes of partial
loss may be computed at nearly half the risk
OF total loss. This also, as well as the expense,
consequent on the conducting of the business.
together with reasonable allowance for the
hazard OF losing the capital of $500, 900, are
all to be covered by the premium 1t is pre-
sumed, therefore, that it would be for the in.
tcrest of the owners of property to be insured.
~ on fair calculation, such building would
he burned oftener than once in sac or sepe7s CEN
f'"ses, especially if the relief from anxiety.
ana other Incidental advantages resulting fro,is
oelng insured be taken into the account.
lhey also give notice, that they continue
to make Insurance on Marine risks. against
the usual PeFls,, as expressed in their policies.
on any direct or qualified interest in Ships.
Cargoes, or Freights-the nature of the inter-
est 10 be insured being made known--for any
voyage or term Of time.
Per order,
MOSES L.HALE, Sec'ru.
Boston, Oct. II, 1921.