Show A Risky Experiment West Vest Virginia is going to carry Its own insurance on all state buildings In other words the fire risk will be sh shifted ted from insurance companies to the taxpayers ers It is JS a risky process to pursue m in guarding u public property against fire loss Anyone Any one of a number of state buildings if 1 burned would cost the taxpayers more than insurance pre pre- premiums pre premiums for a considerable period of tIme The sad acl part of it is that when state states carry their own insurance suffIcIent funds are not built up to toCo coti Co Coer er emergencies and when a loss occurs there is no provision for re- re repayment repayment re repayment payment or rebuilding It all must come out of the pockets of the tax taxpayers taxpayers payers exactly as an uninsured sate ate fire must come out of pockets of the individual Fire insurance at atlow atlow atlow low rate is made possible by a great spread of risk fISk West Virginia estimates that ItS fire loss for the next two year period on a worth orth of prevIOusly insured property will be 2192 Let Letus Letus Letus us hope for the sake of the taxpayers taxpayers ers that the une unexpected does not happen |