The Massachusetts spy. [volume] (Worcester [Mass.]) 1821-1823, 1821-11-07
Fire Insurance.
YVHE PRESIDENT and Dt.

- REcToRs OF the MERCHANTS IyStts,
RANCE COMPANY hereby give notice. that
their Capital Stock Is S 100000, and is invest.
ed IN the manner prescribed in their Act Of In
corporation THAT they receive proposals and
make Insurance at their Office, in State-street:
ON the corner of Exchange-street, to an amount
not exceeding 5 10000 on risk, on Daeelline-
Houses, Stores and other Buildings; on Fuyf5-
fitre, Merchandise, Tessels, Carg0ss, and other
property exposed 10 loss By Fire. Buildings
mortSaged as collateral security may b. ils.'r-
ed, making the loss payable to the IN ers eager
or mortgage, as may be agreed by the parties.
Goods pledged or hypothecated, property Sid
IN trust, goods Consigned for sale whereo I'd.
vances have been made or responsibility in
CURED, ana any contingent or qualified inter.
ests IN property or buildings, may be insured
for the ultimate benefit of the real party in in.
terest, making the loss payable to the owner
or others; as may be agreed. Insurance may
be made for any term of time agreed on; M
particular form IS necessary in making proposals
TOR insurance but when the premises are not
known at the office, it is useful to accompany
the proposal with plan of the buildings TO be
insured, and OF such other buildings as materi
ally affect the risk upon it: 1t is not necessa
ry that the plan should be graduated with
mathematical precision; such as may be drawn
from memory is generally sufficient.
Insurance may be made on specifck articles.
or on property generally described, as Stock l..
fradei Furniture, Machinery, Tools, &c. and
| may be valued Or not. In case Of loss by FIRE
! the Company pay all losses, however small. and
| not make an average of the loss, as II, ma
r1ne insurance, but pay the whole amount
| proved to have been sustained, not exceeding
the sum lnsurea. Under this arrangement tbe
company do not participate in the salvage I'M
til alter tile whole amount of property unin-
sured has been saved for the owner No sne-
chick kind of evidence is required TO prove
loss, but it is expected that reasonable proof
according to the nature of the case will be nro-
duced. By their policies the Company engao,.
es to refer to arbitTators, when the parties can
not agree and when this is not satisfactory tba
claimant has his legal remedy and NAV attach
property, il that should be thought necessarv
The safest class of Brick Buildings in Boston.
are insured at one quarter per cent. per amman
and the safest cl;ss of Wooden B,tildiuos.
standing alone, and not liable to be burned nv
any other, are insured at one half per cent. per
anattnt. Buildings occupied fer harzardou&
purposes or connected with other buildings Ia
as to be liable to be burned by them. are
charged.with proportionably higher premiums.
The policies OF this Company do not contain
any list of hazardous trades or articles which
shall render the contract void; but a true row.
resentation being made the premium is grad,,-
ated according to the risk.
The premium is paid on receipt Of the Pol;-
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 BUILDINGS.
it will be perceived, that it requires four hnn-
dred years premium on any given sum insured.
to pay total loss. and The changes of martial
loss may be computed at nearly half the r;slr
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 & 300, 600. are
All to be covered by the premium. II Is nre.
sumed, therefore, that it would be for tha ~
terest OF the owners of property to be insured
IL on aialr calculation, such BUILDING yyopld
be burned oftener than once in sac or sere, ,e,,-
ta'raes, especially if the relief from anxiety.
and other incidental advantages resulting from,
being insured be taken into the account.
They also give notice, that thew cont;nna-
to make Insurance on Marine risks. aga;nst.
the usual perils, as expressed in their policies
on any direct or qualified interest in Shin
Cafgoes, or Freights-the nature of the intere
est to be insured being made known--for am,
voyage or term of time.
Per order,
MOSES L. HALE, Sec,ry.
Boston, Oct. IL, 1921.