The Massachusetts spy. [volume] (Worcester [Mass.]) 1821-1823, 1823-03-19
FIRE INSURANCE.
THE President and Directors

M oil the MERCaAETS' INSURANCE COM
PANY, in Boston, inform the Publck, that their
Capital Stock is Three Hundred 7nOssGnd 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
risk.
Proposals for Insurance may be made YER
bally, or IN writing. NopartiCular form is nee
essary TO be observed; but the applicant should
give sucha 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 aud 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 q these facts may be best communi-
Gated by plan, which may be easily sketched
from memory, by any person acquainted with
the premises, with sufficient accuracy to give
an idea O the relative size, situation and con-
nexion ofthe buildings.
Nherelnsurance is wanted on several build
mgs, 1t IsuecessaFy to state how much is want
ed on each.
The Company insure any sum on a building,
or property, not Nceedng the fall value of the
destructabe intesest at hazard. They prefer,
however, to insure something less than the full
value.
insurance may bemade on any kind of prop
erty for account of ae owner, and the policy
assigned to any othei person, as collateral Sc
curity, with the Companyfs consent; or the loss
may be made payable to any other person,
when the policy is made,
Contingent interests nay be Insured, being
described as such as proterty mortgaged, or
on which advances have been made, or respon-
slbilities Observation-Disclosures and Household
Goods, as we'll as Buildings and Merchandise.
may be 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 ofthe case and # the parties cannot
agree as to what is reasonable piOof, it is to be
submitted to reference. or determined by law.
as the person insured shall prefer.
Ia Fire Insurance the Company p.k Ill losses.
however small, and they pay he :. hole loss,
provided it do not exceed the sum Insured.
whether the property be fully insured or not.
The expense of Insurance on Tie safest class
oil brick buildings in Boston, is IS cents to in
sure 500 for year, or So; 50 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 pc,
cent. per GR1llt0,.
On the class of brick buildings above men.
toned, it requires the Premiums of four hun
dred years TO pay loss. On the class of wood
en- buildings, it requires the Premiums of tro
hs''d'ed gears and this is on the snppositior
that there win be no partial losses during the
time but a considerable portion o. the Pre-
miunS will be required to pay partial losses.
1t appears evident therefore, that the Pre-
miums desasnded Oh these FIeAs are very nod
crate.
For Fisf0 of more hazardous 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 rt gard to the interests
and security Of the Institution.
The Company continue to make Insurance
on Marine Risks rs heretofore, for sums not ex-
ceediug thirty thousand dollars on a risk.
Further particulars may be known on appli
cation at the Office Of the Company, No. TAI,
State-Street, corner Of State-Street and Ex-
change ssreet-or TO JOHN DAVIS, Esq at
his Office, in Worcester.
Letters directed to the Company, or to Nr
DAVIS, containing proposals for Insurance, will
receive immediate attention. Per order,
MOSES l.. HALE, Sec'ru.
Febrtaryf2, 1898.