II. For the accommodation of such persons as are desirous of being assured for a term of years, this Corporation will assure (on such buildings or goods as aforesaid) any sum not exceeding 1000l. at the rate of 12s. per cent. for seven years, and as far as 2000l. at the rate of 14s. per cent. for the like term of seven years, without subjecting the assured to any calls or contributions to make good losses.
III. Assurances on buildings and goods, are deemed distinct and separate adventures; so that the premium on goods is not advanced by reason of any assurance on the building wherein the goods are kept, nor the premium on the building by reason of any assurance on the goods.
IV. Timber or plaister buildings covered with slate, tile, or lead, wherein no hazardous trades are carried on, nor any hazardous goods deposited: and goods or merchandize not hazardous, in such buildings, are termed Hazardous assurances, and assured as follows; any sum not exceeding 200l. at 6s. per annum: any sum above 200l. and not exceeding 1000l. at 3s. per cent. per annum: any sum above 1000l. and not exceeding 2000l. at 4s. per cent. per annum: and any sum above 2000l. and not exceeding 3000l. at 5s. per cent. per annum.
V. Hazardous trades, such as apothecaries, bread and bisket bakers, colourmen, ship and tallow-chandlers, innholders and stable-keepers, carried on in brick or stone buildings, covered with slate, tile, or lead; and hazardous goods, such as hemp, flax, pitch, tar, tallow, and turpentine, deposited in such buildings, may be assured at the annual premiums, set down under the head of hazardous assurances, in the above article.
VI. Any of the above hazardous trades carried on, or hazardous goods deposited in timber or plaister buildings; earthen, glass, and china ware, in trade; and thatched buildings, or goods therein, are termed Double hazardous assurances, and may be assured upon the following conditions: any sum not exceeding 200l. at 10s. per annum: any sum above 200l. and not exceeding 1000l. at 5s. per cent. per annum: and any sum above 1000l. and not exceeding 2000l. at 7s. 6d. per cent. per annum.
VII. Deal yards, also chymists, distillers, sugar-bakers, maltsters, or any other assurances more than ordinarily hazardous, by reason of the trade, nature of the goods, narrowness of the place, or other dangerous circumstances, may be made by special agreement.
VIII. Two dwelling-houses, or any one dwelling-house, and the out-houses thereunto belonging, or any one dwelling-house and goods therein, may be included in the sum of 200l. But when several buildings, or buildings and goods, are assured in the same policy, the sum assured on each is to be particularly mentioned.
IX. To prevent frauds, if any buildings or goods assured with this Corporation, are, or shall be assured with any other corporation or society, the policy granted by this Corporation is to be null and void, unless such other assurance is allowed by endorsement on the policy.
X. No policy is to be of any force, till the premium for one year is paid. And for all subsequent annual premiums, the assured are to take receipts, stamped with the seal of the Corporation, no other being allowed of.
XI. No policy is to be extended, or construed to extend to the assurance of any hazardous buildings or goods, unless they are expressly mentioned in the policy, and the proper premium for such assurances be paid for the same.