The Portland gazette. [volume] (Portland, Me.) 1818-1824, 1823-04-08
FARM FOR sale.
FIRE INSURANCE.


THE President and Directors of the MER-
Il CHANTS INSURANCE COMPANY in
Boston, inform the public. that their Capital
Stock il Three Hundred Thousand Dollars, is all
paid in, and invested according to law-tb at
they continue 10 make Insurance against Fire, as
expressed in their policies for sums not exceed
ing thirty thousand dollars on a risk.
Proposals for insurance may be made verbally,
or in writing. No particular form il necessary
to be observed, but the applicant should give
such description OF the premises to be insured,
and such information, as may be necessary 10
enable the Company to make Just computa-
tion Of the risk.
The circumstances that most generally affect
the risk, are the size and height OF the building;
the number Of fires kept therein the materials
of which the walls Of the building composed:
the materials of which the roof is composed
how occupied whether connected with other
buildings or separate What other buildings are
in the vicinity, so near as 70 increase the risk,
& what the facility with which engines, ladders
and water can be obtained, in case of fire.
Some these facts may be best commuuica.
ted by plan, which may be easily sketched
from memory, by any persen acquainted with
the premises, with sufficient accuracy to give an
idea ofthe relative size, situation aud connexion
OF the buildings.
Where Insurance is wanted CD several build
ings, il is necessary to state how much is want
ed on each.
The Company insure any sum on building,
or property, not exceeding the full value of the
destructible interest at hazard. They prefer,
however, to insure something less than the full
value.
assurances may be made on any kind Of prep
perry, for account ofthe owner, and the policy
assigned TO any other person, collateral Sc
curity, with the Company's consent, or the loss
may be made payable to any other person, when
the policy is made.
Contingent Interests NAV be insured, being
described as such or property mortgaged, or
on which advances have been made, or respon-
.ibities incurred Furniture and household
Goods as well as buildings and Merchandise,
may he insured. The premium j. paid il cash,
on the receipt Of the policy.-The loss is paid in
cash, in thirty days after proof.
! The proof required is such as shall be reason
able, according to the nature and circumstan-
ces of the case and If the parties cannot agree
as to what is reasonable proof II is to be submit
ted 10 reference, or determined by law, as the
person insured shall prefer.
| In FIRE LlSurdnee the Company pay all losses,
however small, and they pay the whole loss, pro-
vided il do not exceed the sum insured, wheth-
er the property be fslly insured or not.
! The expense of Insurance on the safest class Of
brick buildings in Boston, is 25 cents to insure
500 for year, or s., SO per annum to insure
| 1000
On the safest class Of wooden Buildings, s.,rA
as Dwelling Houses standing alone, occupied by
one family and not liable to be burned BY any
other building, the premium is half per rent per
! GRnuDl.
| On the class Of brick buildings above mention
ell, il requires the premiums Of Four hundred
years to paw loss. On the class OF wooden
buildings, it requires the premiums of Two hun
dred years, and this is on the suppo.ition that
there will be no partial losses during the time /.
4 but considerable portion Of the premiums viii
be required TO pay partial losses.
! IL appears evident therefsFs thatthe premiums
demanded on these risks are very moderate.
For risks Of more hazardous nature. the pre-
mimi i increased in proportion to the augment
alton Of the hazard.
The conditions on which this Company insure.
are believed to be as favorable and convenient
to the assured, as they can be made. consisteutly
with due regard to the interests and security II
! the Institution.
The Company continue TO make Insurance %
Marine Risks as heretofore, for sums not exceed.
ing Thirty thousand dollars on risk.
Tie subscriber having been appointed Asen;
ofthe MERCHANTS INSURANCE CONPA.
ny for the purpose Of making Insurance against
Fire for the town Of Portland. and other tcvvns II
the vicinity, will receive proposals for Insurance
at his Counting Room, No. 10. Long TVba-f
WILLIAM SWAN.