The Massachusetts spy. [volume] (Worcester [Mass.]) 1821-1823, 1823-02-26
FIRE ASSURANCE.
FEyHE President and Directors

n Of the MERCHANTS Insurance CON-
PAEY, in Boston, inform the Publick, that their
Capital Stock Is Three Hundred Thousand Dol
lars, is all pad III, 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
hally, or in writing. No particular form is nee
essary to be observed but the applicant should
give such l description of the premises to be in
sured, and such information as may be neces-
sary to enable the Company to make 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-
Anected with other buildings, or separate !;
what other buildings are in the vicinity, so
near as to increase the risk, al . 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 to give
an idea of the relative size, situation and con-
nexion OF the buildings.
Wherelnsurance is wanted on several build
ings, it is necessary to state how much is want
ed ON each
The Company insure any sumon building,
or property, not exceeding the full value Of the
destructable interest at hazard. They prefer,
however, to insure something les than the full
value.
Insurance may be made on anykind of prop
erty for account of the owner, and the policy
assigned to any other person, a collateral Sc
curity, with the Company's consent; or the loss
may he made payable to anyother person,
when the policy is made
Contingent interests may be Insured, being
described as such as property nortgaged, or
on which advances have been mSde, or respon-
sibilities incurred.-Furniture AID Household
Goods, as well as Buildings andMerchandize,
may be insureds The Premium paid in cash,
on.receipt of the Policy. The Loss is paid in
cash, in thirty days after proof.
he proof required is such S shall be rea-
sonable, according to the natue and circum-
stances of the case and if the parties cannot
agree as to what is reasonable prot, it is to be
submitted to reference, or determined by law,
as the person insured shall prefe:.
In Fare Insurance the Companypay all losses,
however small, and they pay tie 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
OF brick buildings in Boston, is S5 cents to in
sure 500 for year, or So: 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 annun1.
On tie class Of brick buildings above men
toned, it requires the Premiums of four hun
dred gears TO pay loss. On the class of wood
en- buildings, it requires the Premiums of tao
hundred gears and this is on the suppositon
that there will be no partial losses during the
time; but considerable portion of the Pre-
miums will be required to pay partial losses:
1t appears evident, therefore, that the Pre-
NUNS demanded on these risks are very mod
crate.
For risks of a more haza ,-lous nature, the
Premium is increased IN proportion TO the aug
mentation of the hazard.
The conditions on which this Company in
sure, are believed to be as favourable and con-
venient 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 not ex-
ceeding thirty thousand dollars on risk:
Further particulars may be known on appl-
cation at the Office Of the Company, No. 74k,
State-Street, corner of State, Get 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 for Insurance, will
receive immediate attention. Per order,
MOSES l.. HALE, Sec'ry.
February 12, 1923.
ENNO he Sold IN Hubboydcto,,