The Massachusetts spy. [volume] (Worcester [Mass.]) 1821-1823, 1823-02-19
FIRE INSURANCE.
THE President and Directors


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 H ceedins thirty thousand dollars on
a risk.
Proposals for Insurance may be made YER
bally, or in writing. No particular form is nee
essary to be observed; but the applicant should
give such description of the pren .es 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-
nected with other buildings, or separate ;
what other buildings are in the vicinity, SO
near as to increase the risk, and what the ia
clllty with which engines, ladders, and water
may be obtained in case OF fire.
Some OF these facts may be best communi-
Gated by plan, which may be easily sketchcd
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.
Where Insurance is wanted on several build
irgs, it is necessary to state how mech is want
ed on each.
he 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 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 he insured, being
described as such; as property mortgaged, or
on which advances have been made or respon-
sibilities MISUNDERSTANDING 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 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
OF brick buildings in Boston, is % cents to in
sure 500 for year, or ST. 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 ann1tm.
On the class of brick e; lings above men,
toned, it requires the Premiums of four hun
dred gears TO pay a loss. On the class of wood
en- buildings, it requires the Premiums of tiro
hundred gears and this is on the supposition
| that there will be no partial losses during the
| time; but considerable portion of the Pres
mums will be required to pay partial losses,
1t appears evident, therefore, that the Pre-
| mums demanded on these risks are very mod
crate.
For risks Of a 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 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 a risk.
Further particulars may be known on appli-
| cation at the Office of the Company, No. 74k,
State-Street, corner of State-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 for Insurance, will
receive immediate attention. Per order,
MOSES l.. HALE, Secrg.
February IL, 1923.