OCR Text |
Show Fire Insurance Rate Reductions Approved f or A. F. A reduction in fire insurance rates which will result in a saVlng of thousands of dollars every year in American Fork and vicinity has been approved by the Board of Fire Underwriters Un-derwriters of the Pacific, local insurance in-surance men and city officials have been informed. Amerian Fork was one of nearly thirty cities in the state to benefit by the reductions recently made by the fire underwriters. Although estimates vary, policyholders In American Fork should save in the neighborhood of $5,000 every year. The low fire loss ratio and the excellent fire protection of American Fork is reflected in the reduction being made in this city, inasmuch as fire insurance rates are based on these factors. The reductions amount to $1.00 a thousand on each of the three principal prin-cipal classifications of fire insurance. insur-ance. On standard brick construction construc-tion with composition roof, insurance insur-ance will now cost $5.00 a thousand j for three years; on a brick construction construc-tion with shingle roof, $6 a thousand; thous-and; and on frame houses, $7 a thousand. These represent redua-tions redua-tions of $1.00 straight through. |