The Massachusetts spy. [volume] (Worcester [Mass.]) 1821-1823, 1823-02-12
FIRE INSURANCE.
ME President and Directors


n of the MERcHANTs' INsURAycE Con-.
PANY, id Boston, inform the Publick, that their
Capital Stock is Three Hundred Thousand Dol
lars, is all paid in, and invested according to
iaw-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 vess
oaiiy, or in writing. No particular form is nee-
essary to be observed; but the applicant should
give such description of the premises to be iri-
sured, ant such information as may be neces-
sary to enable the Company to make a lust
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 "a.
cility with which engines, ladders, and water
may be obtained in ease 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 to give
an idea of the relative size, situation and con-
ne1lon OF the buildings.
Where Insurance is wanted on several build
ings, it 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
destructable interest at hazard. They prefer.
however; to insure something less than the full
value.
Insurance may be made on any kind of prop.
erty for account of the owner, and the policy
assigned to any other person, as collateral SD
curIty, with the Company's consent; or the loss
may De made payable to any other pefson.
when the policy is made:
Contingent interests may be insured, beine;
desc q as such; as property mortgaged, or
on Which advances have been made. or respon-
slbiiitles lncurred.-Furniture and Household
Goods, as well as Buildings and Merchandise.
may be insured The Premium is paid in cash.
on receipt of the Policy The Loss is Maid !,
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 n he
submitted to reference, or determined ho Ia
as the person insured shall prefer.
In Fare Insurance the Company pa Y all losss..
however small, and they pay the whole loss
provided it do not exceed the sum insursH
whether the property be fully insured or hot.
The expense of Insurance on the safest e1ss,
OF brick buildings in Boston, is % cents 10 in
sure 500 for year, OF $3.50 per annun to
insure 1000.
On the safest class Of wooden buildings. stcb
as Dwelling Houses standing alone, occudied
by one family, and not liable to be burned bv
any other building, the Premium is half usy
cent. per annttn,.
On the class of brick buildings above mem
toned, it requires the Premiums of fosy HIN
area gears TO pay loss. On the class ofAvood.
en- buildings, it requires the Premiums Of tvo
hundred gears and this is on the supposition
that there will be no partial losses during the
time but considerable portion of the Pre-.
NUNS VIII be required to pay partial losses, ;
1t appears evident, therefore, that the Prs.
miums demanded on these risks are very mod.
crate.
For risks Of more hazardous nature. thu
Premium is increased in proportion TO the aur-
mentaton of the hazard.
The conditions on which this Company in.
sure; are believed to be as favourable and cow
venient to the assured; as they can be made,
consistently with due regard to the Interest,
and security of the Institution,
The Company continue to make insurance.
on Marine Risks as heretofore; for sums NOT ev-
cesding thirty Thousand dollars on risk,
further particulars may be known on annl;.
cation at the Office of the Company; No. vi,
State-Street; corner of State-Street and FSSss
change-street-or to JOHN DAVIS: Eso: -
his Office; in Worcester. -9S4' 81
Letters directed to the Company, or 10 Mr..
DAVIS containing proposals for Insurance. nh
receive immediate attention: Per order ~
MOSES L. HALE, Sec'rm