The Massachusetts spy. [volume] (Worcester [Mass.]) 1821-1823, 1823-03-05
FIRE INSURANCE.
vEvHE President and Directors

II of the MERCHANTS Insurance COM
PANy, in Boston, inform the Publick, that their
Capital Stock is Three Hundred Thousand Dol
lars, is all paid in, and invested according to
law-that they continue to make Insurance
against Fire, as expressed in their Policies, for
sums not exceeding thirty thousand dollars on
a risk.
Proposals for Insurance may be made YER
bally, or in writing. oparticular form is nee
essary to be observed; but the applicant should
give such description of the premises to be m
sured, and such information as may be neces-
sary to enable the Company to make a Just
computation of the risk.
The circumstances that most generally affect
the risk, are the size and height of the build
ing the number of fires kept therein; the
materials of which the walls of the buildings
are composed; how occupied whether CON-
nected with other buildings, or separate /;
what other buildings are in the vicinity, so
near as TO increase the risk, and what the ia
cility with which engines, ladders, and water
may be obtained in case of fire.
Some of these facts may be best commune
Gated by plan, which may be easily sketched
from memory, by any person acquainted. with
the premises, with sufficient accuracy 10 give
AN idea of the relative size, situation and con-
Where Insurance is wanted on several build
ings, it's necessary to state how much is want
ed on each.
The Company insure any sum on a building,
or property, not exceeding the full value of the
destructable interest at hazard. They prefer,
however, to insure something less than the full
value.
Insurance may be made on any kind of prop
erfv for arcounf of ha gunner and hp polie,v
assigned to any other person, as 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 may be insured, being
described as such; as property mortgaged, or
on which advances have been made, or respon-
sibilities Observation-Disclosures and Household
Goods, as well as Buildings and Merchandise,
maybe insured The Premium is paid in cash,
| on receipt Of the Policy. The Loss is paid in
cash, in thirty days after proof.
| The proof required is such as shall be rea-
| sonable, according to the nature and circum-
| stances of the case and if the parties cannot
agree as to what is reasonable proof it is to be
| submitted to reference, or determined by law,
| as the person insured shall prefer.
| In Fire Insurance the Company pay all losses,
however small, and they pay the whole loss,
| provided it do not exceed the sum insured,
whether the property be fully insured or not.
The expense of Insurance on the safest class
on brick buildings in Boston, is 25 cents to in
sure 500 for a year, or s.: so per annum TO
insure 1000.
On the safest class of wooden buildings, such
as Dwelling Houses standing alone, occupied
by one family, and not liable to be burned by
any other building, the Premium is half per
cent per danunt.
On the class of brick buildings above men,
toned, it requires the Premiums OF Jour hun
| dred gears to pay loss. On the class Of wood
en- buildings, it requires the Premiums of flgo
! hundred gears and this is on the supposition
that there will be no partial losses during the
! time but a considerable portion of the Pre-
miums will be required to pay partial losses.
1t appears evident, therefore, that the Pre-
mlums demanded On these risks are very mod
crate.
For risks Of more hazardous nature, the
Premium is increased in proportion 10 the aug
! mentation Of the hazard
The conditions Oh which this Company in
! sure, are believed to be as favourable and con-
vcnient to the assured, as they can be made,
| consistently with due regard to the interests
! and security of the Institution.
The Company continue to make Insurance
on Marine Risks as heretofore, for sums pot ex-
( ceeding thirty hotsaad dollars on a risk.
| Further particulars may be known on appli-
cation at the Office Of the Company, No ~,
| State-Street, corner Of Statc-Street and EX-
change-Street--or to JOHN DAVIS, Esq. at
his Office, in Worcester.
Letters directed to the Company, or TO Mr..
DAVIS, containing proposals Tor Insurance, will
receive immediate attention. Per order,
MOSES L. HALE, .Scc'ry.
| February -, 1928.