The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1916-03-31

cendiarism is distinctive and not APP
preached In other states.
AS estimated by r. b. Sellers, head
of the Ohio Inspection Bureau, which
furnishes the rates to the insurance
companies, the reduction in rates on
all classes of fire insurance risks will
average approximately II per cent.
Exclusive of dwellings the average re-
duction Is estimated at 1912 per cent.
Included In the list of those benefited
are industrial and mercantile enter
prises and owners of business and Of
flee structures of all sorts.
What this means in dollars and cents
to the property owners of the state of
Ohio can be calculated when it Is
shown that annual fire insurance prem
iums collected In Ohio by the stock
companies, and other than the purely
mutual concerns, are in the neighbor-
hood of S15,000,O00. The present to
the property owners is in the neigh
borhood of million and half dollars
year.
The home owners shares in the re-
duction as well as the larger purchaser
of insurance. 1t is estimated that 25
per cent of insurance carried is that
of owners of dwelling houses and that
the reduction in the state as whole
has been Is per cent. On houses in
the fire protected cities the reductions
are estimated to average 25 per cent.
In bringing about the understanding
between the state authority on the one
hand as represented by Governor Cox
and the members of the bipartisan leg
islative committee and the insurance
interests on the other, the lead was
taken by group of state agents head
ed by Claude T. Deatrick, of Colum-
bus. The mutual benefits conferred
are, he believes, apparent to all.
While the Joint resolution which au-
thorized the. investigation virtually
charged a fire insurance trust. Dea-
trick and others told the committee
that they were ready to give all the
information to the investigators and
convince them that their business was
free from criticism. The revised rat
ings, which are now effective, were
claimed by them to be under way and
were, as stated, the result of improved
property protection conditions which
prevail in ali the centers of popula-
tion.
1t has required two years to consum-
mate the arrangements and to COM
plete the revision that was under way.
The saving to the people in the course
of years will be enormous.
To show what the advantages from
the work are to the home owners the
following figures are given:
Classes to 31s, which includes ci-
ties with paid fire departments, ade-
quate water supply, paved streets and
inspection, such conditions, in fact,
which prevail in nearly all of the ci-
ties of $4,000 population and upward,
show: Rate on single residence dwell
ing for one family, brick construction
and slate or metal roof, old rate Csc
per 500 per annum, new rate lac;
on contents, old rate 25c, new zoe;
frame construction, with metal or slate
roof, old rate 30c, new rate 19c; on
contents, old rate soc, new rate 24c.
Glasses and Az, which includes ci-
ties like Mt. Vernon, Athens and De-
fiance, with paved streets and fire pro-
lection, rate comparisons are: On
brick dwellings, old soc; new 16c; con-
tents, old SOC; new 21c; frame, old
35c, new zoe; contents, old 35c, new
25c.
Class 5, which includes villages with
volunteer fire brigades without ade-
quate equipment, and mud streets,
comparisons are: On brick dwellings,
old 30c, new 22c; contents, old 30c,
new 22c; on frame dwellings. old 35c;
new &c, with same rates ON contents.
Glass 6, which includes entirely un-
protected towns, the comparisons
are: Brick dwellings, old, 36c, new
24c; on frame dwellings, old 35c, new
2Sc, with same rates on contents.
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