I. All manner of stone and brick buildings, covered with slate, tile, or lead, wherein no hazardous trades are carried on, nor any hazardous goods deposited, are considered as Common Assurances, and are assured upon these terms: any sum above 100l. and not exceeding 1000l. at 2s. per cent. per annum; any sum above 1000l. and not exceeding 3000l. at 2s. 6d. per cent. per annum.
II. To accommodate those who are desirous of being assured for a term of years, this corporation will assure on such buildings or goods, 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. 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. Plaister or timber buildings covered with lead, tile, or slate, 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 insured upon the following terms: any sum above 100l. 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, colourmen, bread and bisket bakers, 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, or china ware in trade, and thatched buildings, or goods therein, are termed Doubly Hazardous Assurances, and may be assured on the following premiums: any sum above 100l. and not exceeding 1000l. at 5s. per cent. per annum: and any sum above 1000l. and not exceeding 3000l. at 7s. 6d. per cent. per annum.
VII. Assurances of mills, wearing apparel, and assurances to chemists, distillers, and sugar-bakers, 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 100l. 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 by 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. Every person upon application to be assured with this company, is to deposite 8s. 6d. for the policy and mark, which 8s. 6d. is to be returned, if the assurance proposed is not agreed to. No policy is to be of any force, till the premium for one year is paid. And for all subsequent annual payments made at the office, the assured are to take receipts, stamped with the seal of the corporation, no other being allowed of.