Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1898-02-11
INSURANCE REDUCTION
Change Will Mean Saving 81
$4,000 Yearly to Brattleb"ro'

,.-,,..-.. I,,,,s Gets ~ similar Reduction
from the new England EHoh""F
Vynv the New Rates are Not s"tiS'"'-
tory
mo tre underwriters of Brattieboro ana
EeltoUs FAILS were notified hV th' NV"
england Insurance Exchange SatuTd"' w
a reductiou in the insurance rates I'D Ineso
ntaces q result of the conference DeI"
the local insurance committee ana repre-
santattves of the Exchange two weeks ago.
The notification reads. .....,
"a reduction OF ~ per cent on All DUN.
inrs and 10 per cent on all contents iI..-
be allowed on specifically rated Ilshs p"
Brattieporo ami Bellows Fails that are i'
Gated within 500 feet OF public hNHI4"'
and occupied exclusively tor mercah lll' o.
motel purposes. or tor mercantile purpose
ana I'M part Tor hotels. ot1ces socieIiea'
.cnoOIs. and manufacturing purposes 'pi'-
vided the policy contract contains a claus.
limiting such manufacturing III any uul'a-
ing TO the empIUvment OF not exceeding
30 hands, The above buildings are Jhos-
which are classified under item 40. d.
class IS. OF term policy RUE as being at
lowed TO be written tor more than one Vea'
bv adding three fourtns OF the annual rate
ror each year IN excess OF one. Ihese Ie-
uuctons not to apply on any building or
It's contents situated on Fiat street ia Brat
tleDoro. This does not apply 10 summer
hotels nor 10 risks rated bv the FACTORY
Improvement committee. The above re-
ductlon taxes effect February lu. 1875. NO
pro rata cancellation OF rebate on account
OF reduction IN rate car be allowed eXcep.
when special authorization Is printed Will
the rate
That TINS reduction should be granted
voluntarily 10 Bellows Fails IS not 10 ba
/ wondered al as the Exchange was we.
aware that otherwise Bellows Fails wCul'
take action similar 10 that which has been
taken mere The brattieDOrO commit 90
ls Dv no means satisfied. however. either
/ with the amount OF the reduction or VIII
/ the restrictions imposed. " nat was really
wanted. although no statement TO that ei-
! feet mas ever Deen made, was horlzoLLa
} reduction OF 20 per cent. which means q
reduction OF Jnat amount not only upon
mercantile. manufacturing and note. risks
j but upon residences ana their content.
. ana ali otner property upon which lns-r
/ ance mas been placed The Excnaug.
I could afford 10 90 TINS ana still maks
/ large profit Oh its bratlleD0rO Dusluea-
Inc present reduction does not affect TIE
: class OF people whom the committee f-
4 sired 10 reach. namely. the owners of ICES
} uence properly which is acknowledge u
/ be the best class OF risks. nor does ' 81
4 feet tine merchants 20 the exteD, that 4
/ should A reduction Of Iu per cent o.
mercantile and manufacturing buildings
and 0i 20 per cent on tne.r contents w1-H
4 nave ueeu more equitable. joy l u.s. iL
4 merchants rather than the owners 90. Oh.
4 building which tuev occupy VIII. lu
q most entitled To- the benefit, of tine relu.
ZION. Again. ID tine present ratio ut lusuf
auce on buildings GO Lla' Oh contents d
equitable the ENcuauCa. 40 making "a.
b unelua. reduction, practically acEuya
/ euges that the ratio previous 10 the relu.
/ ton was lneluItau
nder the new schedule. winch mean
4 saving Go the village property holders A..
about 5000 A year The rate rs still ulcue
tnan % was three wears ago. and 10 Is n.Ct
; er tnau was the rate III Rutland and Bur
ilngtOn before a reduction Of 80 per cen
; was granted TO those places. III view O
the fact that the facilities Tor lighting ti-
ID brattieDoro are as GOOD as those %
; either Rutland or Burlington. as experIenc.
has shown, there Is naturally feeling
That the insurance rate should be a. low az
Jner.
! Our people are crateiu. for the retuc
3 ton, be a. small OF large out Oh the vu0l
B the result Is not satisfactory. anu the com
mIttee viii so state IN their repor. 20 tn.
! citizens IA The village meet-l-