Fires: Combining Also a Guide to Agents Respecting Insurance Against Loss By ...

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Fires: Combining Also a Guide to Agents Respecting Insurance Against Loss By ...
Francis C Francis Cruger Moore
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Serious ex- plosions have not been infrequent. In some establish- ments these dangerous materials are handled in large quantities and very carelessly.
Elevators — Grain. Decline insurance on buildings.
Accept lines on grain contained in them, at short rates.
Where grain risks are desired by the year^ the same rate should be charged as on the building. Decline to insure, by the year, in the name of the warehouseman on grain stored in his elevator. Under no circumstances should he be permitted to
... obtain annual policies, at the current rates, in order to peddle them out to his custom- ers for short terms and at short rates. Insurance is our business, not his. He would thus be enabled to profit at the expense of those underwriters foolish enough to con- sent to such an arrangement. The rates are not graded for annual policies and are entirely too low, unless we obtain short rates. We prefer risks on the grain in elevators to risks upon the buildings themselves, even at the advance in the rate, of 50 cents, called for by the tariff.

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