Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-12-19
BURGLARY RISKS
ARE INCREASED
IN NEW jersey
Insurance Men Jump Rates as
Result of Alleged Crime
Conditions.
NEWARK SECTION Is
RATED WITH CHICAGO
Chief of Police Long, However,
Declares That Robberies
Have Diminished Here.

Crime conditions in this and other
sections of New Jersey, as well as
in New York City, are said to be re-
sponsible for sweeping advance in
burglary insurance rates that went
into effect today. The new rates
were decided upon at a conference of
representatives of twenty-one Of the
largest burglary Insurance concerns
in the country.
Essex County and eight other New
Jersey counties are rated as bad a
risk as Chicago. 1t is claimed that
Chicago heretofore has been put
down as the worst city on the conti-
nent in the matter of crime.
The new Essex rate conforms with
the rate for New York City. The
advance is 81 and $3.50 per $1,000 in
surance.
Protection Not Adequate.
Inadequate police protection and
crime conditions in the Greater New
York territory, including this city,
are responsible for this increase, the
insurance men explain. For several
years, according to persons we'll in
formed in regard to the situation,
each surety company has been doing
business at a practical loss, and this
action was no surprise.
Police Chief Long today declared
that robberies in Newark are fewer
in number than they have been at
this time in corresponding years.
81 can safely say, and our records
will show it." said Chief Long, that
there are fewer robberies at this time
of the year than there have been in
years past
81 cannot explain the actions Of any
burglar insurance companies in rails
ing their rates, but l can produce our
records. They will back up my state
meRt"
Louis Lippman. with offices in the
Essex building, a representative of a
surety company, said today
II have been looking for this action
for the last three years. | believe
that every company has been doing
business for this period or longer at
loss. Burglaries have been SO fire.
quent and the recovery of stolen
property has been SO small proper
tionately that II was necessary for
the companies to tako some drastic
action.
q. can safely say that the com
panies have paid out at least 95 per
cent. of the premiums. When a loss
is reported an investigation has to
proximately one-fourth of the claim
has to be expended in the search. We
frequently find that the missing ar
ticle has simply been misplaced
The burglary insurance increase in
cludes Greater New York. Long
Island, Rockland Westchester and
New York counties, the towns of
Greenwich. New Canaan, Stamford,
Darien, Norwalk and South Nor
walk, Conn; the counties of Bergen,
Passaic, Norris Somerset, Middlesex,
Monmouth, Essex, Union and Hud-
son, New Jersey.
Open policies on private residences
including burglary and theft have
been increased from $3.50 Thousand
to SIS thousand, and proportionate
rates for greater amounts. burglary
insurance only has been increased
from $40 a thousand to $12. Co-insur-
ance policies for burglary and theft
have been increased from $40 thou
sand to $12, and burglary only, from
$8 to $3.50.
Rates for Apartments.
The rate for apartments was in
creased even more-open policy. bur-
glary and theft, from SIS to $18; theft
alone, from $12 to SIS; co-insurance,
burglary and theft, from $l2 to $io,
and burglary alone, ITOiii @io " @i-.
For misunderstanding apartments,
including furnished-room houses, ho-
tells and the like, the rate was in
creased from $40 a thousand for bur-
glary and theft to $22.50; for burglary
alone, SIC. to $12 and for co-insurance,
btfgiary erl theft, $12 to $15; theft
alone, So to $3.50.
Burglary insurance alone covers
losses only where it is shown to the
company that homes have been en-
tered by means of jimmying doors,
windows, or, in other words. by forci-
BILE entrance.
Burglary and theft insurance in
cludes inside robberies as well as out
side, such as thefts by servants.
The CO. insurance policies are divided
in the same way, but they cover only
80 per cent. of the loss. The rates are
accordingly cheaper.
Burglary insurance experts believe
that the present police protection
could be improved if the taxpayers
we're willing to expend more money
for their police budget. The cost OF
The great frequency of robberies would
then be distributed, so they say, in
stead of being borne, as now, entirely
by those who insure.