Evening Star Newspaper, October 16, 1926, Page 25

REAL ESTATE APPRAISAL WORK SHOWING BIG GAI Local Realtors’ Committee Has Examined 1,113 Pieces of Land. One of the interesting features of the Washington Real Estate Board's annual meeting held Park Hotel last Monda night was the report of the appralsal commit- tee, submitted by Horace G. Smithy, chairman of that body. During the last 10 years the committee has ap- praised more than forty-five million dollars’ worth of property ‘This activity has been the resultof a tremendous amount of work on the|which the a part of the various committe teularly those in the past five vears It was said 1,113 individual pieces of land have been appraised by this| “Why should th committee, ‘Wardman | | ! | | | i 1 | Scores of private citizens and mer- {chant$ do not give the time to study | properly the various systems of fire insurance dnd just what their protec-| tion 18 under the policy they hold. One of the attachments to a contract which merchants fail to study properly is the} 80 per cent clause.” | The Washington Board of Trade has | published the following article with | the hope of fully explaining the clause: “Every vear there are fire losses in | sured loses, even though he s insured for an amount many sreater than the amount of the s be the cise? | | “The answer is ghat the 80 per cent A tremendous growth in this ac-|reduced rate average clause isattached tivity is indicated in the fact that In 1916 the appraisai committee ex- amined 19 pleces of property at altion o value of $471.000, and in 1918 137 pleces of property with a more than $2,000,000. In 1925 more than $9,000,000 worth of property was appraised, and in 1 all records were broken, when $1¢ 987 worth of property was appraised by the board. A great amount of property was examined for public and chari- table institutions and the Federal Government free of charge by this committee. The newly elected com- mittee 18 composed of H. Clifford Bangs, G. Calvert Bowle, Will Hll, Arthur Carr, William J r., J. Dallas Grady and ( odge. PRINCE OF WALES BUSY. Daily Engagements Fill His Pro- gram—Plans Paris Trip. LONDON, Octoh Prince of Wales has plunged into offi- cial engagements upon his return from his outing in Scotland. Today | hie will 2ttend the unvelling of Guards | By owner. New tapestry brick, Memoriai on the Horse GGuards parade. ©On Monday he will attend the Canada | Club dinner to welcome Lord Byng, | the retiring governor general, back from Canada. On Tuesday he will unveil a monu- ment In Westminster Abbey erected in memory of the men who fell in the war. Then he wiil attend a din- ner to offcers of the royal naval re- serve on Friday. He will go to and enjov a rest for the last few day of Octoner. (Including Open Daily Representativi Hardwood floors. Many other attrac! Long lot to alley. Convenient to ctores, The Best Rew Lowest Price ue of | attention to the exy " [Chevy Chase Think of It NEW HOMES, $6,750 $300.00 Cash—$55.00 Per Month SAMPLE HOUSE: 817 20th St. N.W. (Corner) Six rooms and bath. Brick. Hot-water heat. Electric lights. Three large porches. J. DALLAS GRADY 904 14th St. N.W. Main 6181 [to the policies and either the insur- | ance agent did not explain the opera- | s client, or else | the a willing to take the chance and save | | premium. | | arly every policy on mercantile both building and stock, has what is known as the 80 per cent re- | duced rate average clause attached to | it. The rate quoted on the rate cards of the Underwriters’ Assoclation of the District of Columbia all call for the 80 per cent reduced rate average clause on your policy. If you want the 80 per cent reduced rate average +| clause left off of your insurance policy or policles you are charged a 25 per cent higher rate than the one given | on the underwriters’ card. If you pay |the 25 per cent higher rate, you get | tre full amount of your loss, as deter- mined at the time of the fire, up to the 3737 Military Rd. il 7 rooms, tiled bath with shower, builtin garage, large lot with large oak trees—wonderful location just 200 feet west of Conn. Ave. A Real Bargain Open All Day R. Owen Edmonston, Jr. Realtor Phone Main 9148 | | all Interest) and Sunday e on Premises Bright cement cellar. tive and modern features. Room for garage. car line, schools, etc. House for the in Washington In @ NEIGHBORHOOD OF F 3816 Military Road CHEVY CHASE, D. C. This is really an except eplendid center-hall “tucco-and BOARD OF TRADE URGES CARE IN STUDY OF FIRE INSURANCE \Presents Explanation of 80 Per Cent total amount of insurance vou are “If, on the other hand vantage of the lower rate. the underwriters’ card, t { reduced rate average clause is attached This means that you | 21} | are agreeing to insure your buildings | $8.000 policy, as the clause say s | ¥ou receive that proportion of the loss | ¥oUr that the amount of insurance he | 80 per cent of the value of the pro- | words, £8.000 | i3 attached to 3.000 or | You have a loss vou will receive the If the logs | Tull amount of it from the insurance This is especially impor- A merchant increasing his istmas trade.'” to your policies. or stock for an amount equ: least 80 per cent of the total |said buildings or stock, the company giving you a lower rate of premium in | érty insured. In other return for the volume of insurance you are carrying or agreeing to carry. “From every angle fully protected in amount as well as | it, or $1,000. The companies encourage | all value, as in cases of small policies, for relatively small percentage of the value, the insurance company is placed | would become co-insurer under at a disadvantage by reason of the|terms of the clause for the small premium paid with relation to perience has shown that the ma- 3 are comparatively small ones, although there are alwa a sufficlent number even total losses, to make it desi of large 1 for the businet UL S TSR SR AR S R S A A A S S A A A A A I S e S\““W\"S“m‘\w!% (% Sample Hou ATTEFATEATEALALTERR T SERRAR A ERRXRGHANS & 1412 Eye Street [ A A HOMES jonal opportunity to own a Lframe residence, with a slate | ol Prewwar construction makes for permanence in this | in a house at this pric enjoyment. Tt contains 9 room attic storage space. front and It is convenient to schools, churches and stores and ’ car line. Open Sunday Price, Exclusive Agents | 713 14th St. N.W. of which are bedroor glassed sunroom, two complete bathrooms, ample closet and ' and has hardwood floors throughout. Tile Garage | DID HOME BARGAL home, and appointments and conveniences not often found | ice insure the fullest of modern home | | : a spacious side porches, a large firepla for Inspection $17,500 Main 2345 tive two-tone enameled _ran side ice_doos sanitas wa acreened porch per cent insurance. premium for the u take ad. | deficit. ou actually rry 80 per cent propert. . | were himself by carrying approximately 100 It becomes evi- dent that the insurance company must protect ‘itself under the country-wide loss experience in the various classes | of risks by getting a higher rate of policy of small amount where the value of the prop- erty insured is relatively large, if the company always takes the first chance | © Clause, Often Overlooked by Policy |ofioe | ance you carry is not at least equal to 80 per cent of the value of erty at the time of los come co-insurer for the amount of the | your prop- then you be- | s quoted on| “If you have $10,000 in stock and insurance ou would receive the full amount of loss up to the amount of your insurance is eight-eighths of $8,000 or 80 per cent of the value. it pays to be|is $1,000 you receive eight-eighths of | cOmpanies “Suppose in this same case you car- v, for | ried only $3.000 insurance, amounts from 80 to 100 per cent Uf the | eighths of $8,000 (80 per cent of the | value), you would receive only five- | | eighths of the $1,000 loss, or § or five- | “‘amount | | of the deficit” (of $3.000) in the total | increased chance the company |amount of insurance you were agree- | takes of a total loss to the company | ing to ca full amount of its policy. | you. You would, therefore, be | surer for three-cighths of the lo; would have to stand the loss of s | yourself, despite the fact < rrying $5,000 insuran ble | “The only case in which you receive | man to fully protectthe full amount of ry under the low rate charged that you | nsurance lause is attached. < | sure your property for at least 80 per | losses as far as possible to Drevent | H ld l [ 1 d b A cent of its value, we will give you the , the rates fram going up; on the o { older or Unexplained by gent. { Tower rate, but It the amount of Insur. | hand, if possible, to have them | Fire Prevention week. Yhat | be observed in properly «to clent insurance, especially | per cent reduced rate our policy, tant for | line of stock for the Ch tricity. hardwood _floors LSS RS S S S AN SN S SRS SR AR A R A R S ‘«Wmm A Gruver-Built Home— —tapestry Brick —builtin Garage $8,850 HESE homes contain six large rooms, tile bath, screened breakfast and sleeping porches. piece sink, enamel cabinets and other conveniences. e—2026 37th St. N.W. Kitchen contains one- It is our belief that you cannot procure a house under the price we quote, in such a superior environment, and represent- ing such masterful construction. Make it a point to see the Sample House Sunday. Go out R street to 37th, then north to houses containing our signs. Hedges & Middleton, Inc Realtors W. ZIIIES Before Buying Elsewhere Franklin 9503 R R R e S S S R R R R R S S R R S e ; A I e N S SRS AN SRS S S AT R A Inspect Our Beautiful English-Type Homes in —FEATURES Homes are bullt of brick, tile and stucco, containing 6 rooms and bath o oom—Large and well lighted: opens onto Sereened breakfast porch: wally are panel polychrome lighting fixtures. ——Ouk_floors ihroughout: large clovety; rehes Laid in attrac- : whit General—tlot-water h Corte radiation® macadam wireet "Snd pated alley detached ‘garage on rear of ‘ot: poreties archiiecturally blending with houss proper: fromt lawn landscabed. with beauti- GLOVER PAR Unusual and Distinctive Designs to Select From ower: Pembroke tub with ory: bullt-in buth fixtures: linen Plttsburg Instantaneous Water Heater: These homes are one block west of Wisconsin Avenue and are convenient to car and bus lines, stores, schools, churches. Exhibit Home, 2526 Tunlaw Rd. N.W. Price, $9,750—Terms B. H. Gruver OWNER AND BUILDER 927 15th St. N.W. Main 2670 policy, when the amount of insurance is not equal to 80 per cent of the full value of your property. is when you have a loss of from 80 per cent to 100 per cent of the property value. ratio in this case permits you to col- | lect the full face value of your policy | or policies despite the fact that the |80 per cent reduced rate average ““Aside from the economic waste, it ! “The company says: If you will in- | i important therefore to eliminate fire | Reports by telegraph to the N: jonal Lumber Manufacturers’ Asso ciazion from 361 of the larger soft- wood and 134 of the chief hardwood tumber mills of the country indicate duced. Tkhe records show that our vol- ume 6f national fire losses has been steadily increasing, which has brought into being the national observance of | | “Care should be observed | times by using every means to pre- vent fires, but it is especlally essential | from your standpoint that care should stock and buildings with cerage clause JUST COMPLETED 1726 B St. S.E. $500.00 Cash and Terms Near Eastern High School rear ~ porches, built-in refrigerator: lot to wide alley. All modern LACY & BELT Owners and Builders 493 G St. S.W., Phone F. 8068 ’, A IS Z 9 THE EVENING STAR, WASHINGTON, D. C., SATURDAY. OCTOBER 16, 1926. ACTIVITY IN LUMBER IS WELL SUSTAINED Larger Trade Shown for Last B,e-j porting Week as Compared With Year Ago. industry is maintaining a uniform level of high activity. While reporting softwood mills give Chevy Chéée 1 ‘' Beautiful Detached Home Eight Large Rooms ‘ Garage Wonderful Grounds Priced to Sell Phone for Inspection PR 809 15th M. 9486 smaller totals of production, ments and orders for last week than | of | reporting mills. REAL ESTATE." - business as compared with the pre- ous week. The unfilled orders of Southern hip- | pine and Westl Coast mills at the e last week amounted to 608.62 | £ 858 feet the number reporting the breceding | yimed for 247 mills the pre eet, a& against 633.9 week. the difference in volume is ac-| The 121 identical Southern pine counted for by the smaller number of As compared with | the corresponding perfod a vear ago, | lumber movement is evidently a little | | larger | The harmdwood operations reported | increases in production and ship and a slight decrease in new | group showed unfilled 253, agalnst $15,050 feet fol before. For the 106 West the unfil e against 518 feet for | a week earlier Hawaii enter of Summer tourists this vear. T 22 e 72T 2 7 Tl TZ Jameson-Built Homes 1800 to 1850 Potomac Ave. S.E. Only § Left Over 100 Sold Priced at Less Easy Terms cated n - Wash Vision- EASTERN TERRACE ont_and Iy tubs o High Ask the Man Who Ouwns these ldeal 1 Owners and Builders 906 N. Y. Ave. NW. Phone Main 2 2T 2 s 2T L P 2 2 2T 7222, Buy Here—You'll Be Satisfie Coening Star Model Homes 5th and Decatur Sts. N.W. Exhibit Home furnished by W. B. Moses & Sons ldéal]y located; uniquely planned: wonderfully constructed; beautifully finished—and without peer or parallel in all Washington. Lvery Detail Is a Clinching Argument Living Room Of exceptional size. leading from a most at- tractive entrance hall. Plenty of wall space and handsome woodwork. Bath Room A model of modern equipment—tiled high, and fitted with Standard built-in tub and shower. Closets Coat Closet with mir- ror door in Reception Hall: Linen Closet in upper hall and immense Wardrobe Closets in every bedroom. Basement Laundry tubs: servants’ toilet: cold-storage room: hot-water heating plant: separate heater for the service water. Dining Room Like the Living Room —of very propor- tions; and very effec- tively finished—with the Breakfast Porch just be- vond. Bedrooms Master Bedroom across entire front and two other rooms of un- usual size—leading to the Sleeping Porch. Floors Throughout the house every floor is of carefully selected hardwood, extra thick, double laid and insulated. Screens Every window and door is screened with best of wire on strong frames —as are also the break- fast and sleeping porches. Kitchen Very large and very light: with one - piece porcelain sink, and Re- frigerator with 100-1b. ice capacity. Porches Attractive Ent rance Porch: Breakfast Porch and Sleeping Porch—of large dimensions that make them practical for use—equal, to rooms. Fixtures The Lighting Fixtures —both wall lights and center lights—are of spe- cial design — consistent with the character of the home they adorn. Garage At the rear ot the lot is a substantial and com- modiousGarage,screened from view of the house by artistic lattice. Bargain at $10,950 And the cash payment, and the monthly terms make the rent you're now paying expensive Open every day and evening, including Sunday, 9 a.m. to 9 p.m. Either line—16th St. Bus to_Illinois Avenue and Decatur Street. Or phone and we’ll send auto = CAFRITZ = Owne: Over 1.0%9 il - 5 and ailders of Communities i and ol 300 more uwder construction 300 feet last weel, ' the rined o record n Than $7,000 and Up Built. Owned and For Sale by THOMAS A. JAMESON CO.