New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-10-07
UNIFORM FIRE POLICIES.
THE UNDERWRITERS ADOPT A NEW oRM'
INSURANCE CONTRACTS sIMPLIFIED-MoRE LIBERAL
TERMS FOR THE INSURERS.

nj ts mceting yesterday adopted form Tor Sanuaru
fire insurance policy which, under the laws of the state
must be used after May next by all hre INSURANCE.
companies transacting business IN this state.
An act was passed by the Legislature on May 20 last
provdug for uniform contract OF policy OF hre IN
surance be made and Issued IN this state Oy All in
.urance companies taking fire risks property within
this State" ana authorizing the New YORK BOARD
q, Fire Underwriters "to prepare. approve and
atopt a printed form IN blank" The Committee on
Laws and Legislation Of Board OF Underwriters be-
an the formation OF the required policy in July and has
held sessions almost daily since that time The various
items entering Insurance policies were exnausVey
discussed and opinions on all the subjects were oo'aheu
from insurance throughout the United states Inc
standing committee Is composed OF f. X Kennedy. OF
weed & Kennedy, chairman: Charles A. HUI. vice.
nresident OF the Howard Insurance Company; r. Not
man president of the Niagara Insurance
COMPANY william NJ. 81. John. president
OF the Standard insurance Company; 1a"e'
A. Alexander, local manager OF the htna ihSur
ance Company, OF Hartford Charles sewsil' Uh''eu
States manager OF thu Commercial Union Company OF
England. and T. Montgomery Hare United states
manager OF the Norwich Union Company. OF England.
To these we're added d. A. Head. vice president OF the
Home Insurance Company, ana f. T. MOORE Vice-pres'
dent OF the Continental Insurance Company. d. W. u
skton secretary OF the PhGnx Company, OF Hartford;
Thomas H. Montgomery, president OF the American
COMPANY Of Phiiats phi and Dr. H. NJ Stevens, secre-
tary OF the Agricultural Insurance Company OF
WATERFOWL, present at many OF the sessions
and assisted materially In the work the committee
completed form last week and on Monday presented
to the 30 ,rd adoption. After three days eonsid
GRAFTON the form. with few slight alterations was
adopted by the Board at y. M yesterday.
"After much hard Labor" SAID Mr.. Kennedy chair
man Of the Committee Laws ami Legislation, I'VE
have produced form OF policy which for simplicity and
com prehrnsiveness has. think. never been eqlsied
II satisfactory. in TACT that most OF the large COM
psnIes IN New-York, Philadelphia AMI Hartford
and English companies doing business here.
have sgnihed their intention OF using III
I'm all the States OF the Union. II was
not our wish rryouonizs the Insurance system and
We have TO comprise 10 the new form All ne
be.t proyson. of the various old ones, AMI to SIM
me Ian mage In Il any insurer may understand the
terms ~ his policy thoroughly On ths wlor, 1nr new
nncy /, mucn more liberal the insurers than the old
ones we're One OF provisions requires that tho com
pany can only cancel policy after hve days notc".
infant. and it was often done when there was
any reason to suspect that the insurer would
clause provides that II property entangered by
IRE be rrmoye 70 mace y HI s'' hsTtn n
properly removed from house Under any cf.uih'
vii re nrniei IN BREWER type improvement which
viii be appreciated by those WIN" nave e.neaVoen 10
the line PRINT on the great lJorlty Oh tue poce'
The new forms will be filed with the Secretary Of State
thIs week. Following Is the ful text:
in consideration Of the spuations herein and OF DOL
% day OF at noon assn. ait "Hi erect to os s or daasS
by fire. except eenaleT Proe to an a%Supt nG1 eH
located and contained as described herein and not else
where. 10 wit;
h company shall not be liable beyond the actual cash yane
of The property the time loss or damage occurs ana me
o.s 81 al a,a s Sne WITH proper drnion depeccn
however caused and shall ~ no event. Hs ws win ma
eria Ike kind and quality said ascertAnment OF eNnam
Iea t f Ios or mase having been thus determined the
VIII
shall be payable sixty days after due no'ce aSerralnnen,
estimate and satisfactory proof the loss have been received
Inv This company in with the terms of mis- policy
shall be optional however WIN TINS company TO ake All m
any part ls AZ p r repsce The nrnpcy LOST or dam
and Also to repair teDnt OF d p ousy within reasonable
giving notice OF IT, intention so to 10 within try
days Of the proc herein required put tnefe
be 10 abandonment to TINS company oil 'he property
THIS entire policy be void If the insured has concealed
or IN ~nS n pSTepce or the subject
Thereof the interest Of e Of p sny o T wea %
ing by sny matter S asa or te 20 '
anrs o. entire policy by agreement
now has or shall make procure other
whether valid or not ON properly covered
ance manufacturing and it be oEeTae in
hazari lee increased Iy my within the control knowi
edge insured. II mechanics be enpoyed IN building
arg or rarng the 'n esGrp o p,gss Of b GI n
be other than uncond ona and sole oM nrrp or II
subject Of insurance be building on ground not owned
10y rhe sIS ~ anil hp or become numbered by chat
De personal p"erV Win tHe ice Of the insured fore
closure pocee ngs be notice given Of sale of
or il any change other than by the death Of an insured take
place IN the inter- nte ,T sont uerse of haH
siIance except change OF T or y yoniarv
arL whether by legal process OF Jug t ~ ons
before loss; or iunnai ing gas OF valo' pe III
on If ANY US &c Of trade manufacture to the con
trary sandingj there be kept used OF allowed on te
premises benzne benz"e dynamite ether
fireworks, gasoene greek ire gunpowdrI excees twenty
pounds IN quaint y napnIhl miro ggSer,hv 9" oe
po'Hes pp1fv han Kerosene oil Of the United states
ard "
according law but IN quantities not eA9Hhs nve
lance not feet nom artificial Light OF il build
owner or be or become vacant or unoccupled
Tins COMPANY shall NOT ne naq pi t 1Ss S war r n ol
ton military OF usdrped powri or 9y order o. any civ
reasonable and preserve Tho property at and
nelgnDong premises v o. re aniy nv expioson Of any KIND
be assumed by specific agreement hereon . -, ,, -,
al Insurance by this policy on such building OF us con
Tins Company shall tot liable bills,
currency deeds evidences Of debt money notes or securl
loss TO awnings, bullion casts cuIloseS des I'M
pictures cienhc apparatus signs store office furniture or
atares sptGs C E value DESTROYED S SI by re for loss
ocasonei 10y ordinance or law regnans construction or
ung processes otherwise nor for any Greater proportion
the Tse S sSa bear to the whole insurance On the
be this policy II shall be part oil this contract
aud warranty by the insured
I'm any matter relating person. unless
duly authorized writing shall be deemed the agent oil TINS
company. 49, 90 ,ho o.,u.
consideration Of Tor the renewed
term provided that any Increase OF hazard must be made
Lnow To company at tile time of renewal or THIS policy
shall he void 49, -. a.. ......a,
mis- policy cancelled at time at the request OF
the insured the company by giving nve days notice oil
II this policy shall be cancelled az herein
hefore the prentice having
hen actually paid uneaned portion shall be returned
surrender tins policy or last renewal THIS company retain
ng the customary short rate except that when ls pohcy Is
by by giving noeer shall retain only
the pro rata premium - l.. . ~. 49,,
H. with tnc consent OF this company an interest under this
Motley shall Of mOrtgagee OF any person or
copoation having interest In the subject OF insurance
ofhr than of the insured as desc rDed herein the
conditions herenbeiore contained snail apply IN the man
sr provisions and conditions OF insurance
reanr 10 such shall be written attached
appended hereto. IT,, l., - ,., 49, a.o
IA 10 require removal place OF safety ami II so removed
anv mari of policy required TO cover property ena
| m The not exhausted by loss SNAIL Tor
I'VE DAYS only property removed In the proper.
ton that value o the property in each place bears 10 .he