OCR Text |
Show Fire Rates Cut In Bingham City As a result of the survey made in the city of Bingham Canyon during the past six months by the Board of Fire Underwriters of the Pacific, a very substantial decrease in insurance rates in Bingham Canyon has been granted. grant-ed. The new rates went into effect August 1 and will not apply to policies issued prior to June 1, 1940. Pro rata cancellation of such policies for the purpose of re-issuance at reduced rates is prohibited. Below are a few sample rates, showing the old rate and the new rate just released: Feraco building from $1.73 per $100 insurance to $1.47; Bourgard apartments, from $7.25 to $4.41; 38!) Main street, from $5.00 to $2.45; 398 Main, from $3.20 to $2.45; 379 Main to 393 Main, $5.00 to $2.45; Bingham Meat company, from $7.25 to $3.01; Bingham Mercantile, from $1.65 to $1.55; Butte Beer parlor, from $7.35 to $5.51; Community church, from $3.50 to $1.45; Dowd's Cash Grocery, Gro-cery, from $3.50 to $2.95; Utah Power and Light apartments, from $2.37 to $2.07; 477 Main street to 483 Main, from $1.56 to $1.16. The new survey and reductions were made possible by action of the city council and the Bingham Bing-ham fire departments, which repeatedly re-peatedly requested a new survey sur-vey and also cooperated with investigators in-vestigators sent here. |