Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-09-20
NEWARK TO GET
LOWER FIRE RATES
Decrease Due to Efficiency OF
Fire observation-disclosures
Risks Increased.

In accordance with the provisions
of the Ramsay law, passed at the
last session of the Legislature and
which becomes operative on October
4, fire insurance rates in the city of
Newark will be materially decreased,
whereas in the city of Orange, for
instance. the rate will show an in
crease over last year.
In fixing the rates Newark Is listed
because of the superiority of its fire
department in class A. Cities like
Trenton, Jersey City, Hoboken, Cam
den and East Orange, whose fire pro-
lection is also ranked high, are placed
in class B. while the smaller cities
are graded accordingly. Orange is
In class C.. Class b cities will show
a slight decrease, but not as pro-
nounced as Newark.
In Newark, for instance, the rate
for brick dwellings shows a decrease
of four cents per hundred under last
year, while in Orange there is an in
crease of one cent. In frame dwell
ings Newark shows decrease of 2k
cents, while Orange, on the same
class of buildings, shows an increase
of 2 cents. On contents or household
furniture the decrease in the New
ark rate is one cent for brick dwell
ings and one cent for frame dwell
ings, while brick dwellings show an
increase of ~ cents and frame dwell
ings an increase of cents in the city
of Orange. The stable rates In each
city show the same marked decrease
in Newark and increase in Orange.
Pay Higher Premium.
Cities whose fire departments are
not as fully equipped as that of Or
ange. which is in class C. will natu-
rally pay a much higher premium un-
der the new law. The law. when it
has a chance to work Itself out, Will
undoubtedly be of great benefit to
the people of New Jersey, as 1t will
tend to prevent questionable COM
panies from doing businss in the
State. and places everything under
the direct supervision of the State
Department of Banking and Insur-
ance.
All companies are obliged to file
with the State commissioner of
banking and insurance complete
schedule of all classes of business in
accordance with the new law, which
will tend to eradicate the unscrupu-
lous broker.
The law is intended to prevent dis
elimination. It has been the prac-
tise in the past for companies, COM
monty known as board companies, to
class of risks in the same zone. A
large manufacturing plant in New
ark might take in some cases a
greater rate than the same class of
building would take in the Oranges,
or Bloomfield. under the old law. but
under the Ramsey law this is i'm
possible. The charges are all uni
form as to the base rate. and the
increases. as the schedule is COM
piled. are made for deficiencies in
construction and inadequate fire and
water protection.
The rates have been compiled by
an expert of thirty years or more
experience in this class of business.
Under the old law a man purchasing
$1,000 policy for three years on his
household effects would have to pay
So. When the Ramsey law goes into
effect. on October 4. the same policy
will cost him s4.70. a saving of thirty
cents on a small policy.
The following is a comparative ia
BILE of the old and new rates in New
ark and Orange showing the relative
decreases and increases in dwellings
for one year: 91
Newark.