London and Its Environs Described, vol. 6 (of 6): Containing an Account of Whatever is Most Remarkable for Grandeur, Elegance, Curiosity or Use, in the City and in the Country Twenty Miles Round ItAnonymous
History
London and Its Environs Described, vol. 6 (of 6): Containing an Account of Whatever is Most Remarkable for Grandeur, Elegance, Curiosity or Use, in the City and in the Country Twenty Miles Round It
Anonymous
London (England) -- Description and travel -- Early works to 1800; London (England) -- Gazetteers -- Early works to 1800
V. Those who insure above 1000_l._ not exceeding 2000_l._ in one
policy, to pay double the premium that others do, but the same deposit;
and from 2000_l._ to 3000_l._ on the following terms, _viz._ For every
100 _l._ insured on goods inclosed in brick or stone, 6_s._ premium and
10_s._ deposit, and on goods not so inclosed, 9_s._ premium, and 15_s._
deposit. Insurances deemed hazardous, as to situation or kind of goods,
each 100_l._ inclosed in brick or stone, 12_s._ premium, and 1_l._
deposit; in timber 18_s._ premium, and 1_l._ 10_s._ deposit. Hazardous
insurances, both by situation and kind of goods, if inclosed in brick
or stone, 18_s._ premium, and 1_l._ 10_s._ deposit; in timber 1_l._
7_s._ premium, and 2_l._ 5_s._ deposit; and so in proportion within
part brick part timber. Since the 15th of November 1738, the society
have enlarged their insurances to 4000_l._ on the following terms,
_viz._ For every 100_l._ insured on goods inclosed in brick or stone,
6_s._ premium, and 10_s._ deposit; and on goods not so inclosed, 9_s._
premium, and 15_s._ deposit; and the hazardous insurances in the same
proportion as the 3000_l._ insurances; and so in proportion within part
brick part timber, and since to 5000_l._
VI. If more than twenty pounds weight of gunpowder is kept on the
premises insur’d, the policy is to be void.
VII. All insurances beyond the bills of mortality pay 3_s._ to the
surveyor for his charges, _&c._
VIII. Every member to have a policy under the hands and seals of three
of the trustees, and the society’s mark (being a double Hand-in-Hand)
affix’d upon his house, _&c._ The insurance to be good from the time
the charge is paid, and the deed of settlement subscribed by the
person insuring. The policy, on expiration (after accounting for the
deposit-money and mean profits) to be returned to the Office, as also
the mark.
IX. So much of the deposit-money is to be returned at the expiration
of the policy, as has not been applied to the making good of losses,
and the payment of necessary charges, together with a proportionable
dividend of profits. And beyond the deposit, no one to be answerable
for above 10_s._ _per cent._ on brick, and proportionably for part brick
and timber, to any one loss.
Public-domain text, read in full here on John Shaqi.
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