Specific rates. A specific rating applies where a business, or some operation in it, deemed to have a risk attached. The underwriter goes to greater expense, exercises more care, and an inspection is made by the rating organization and a rate promulgated.
The risk in question may be a property with a dwell ing above and a store underneath, but the store may be devoted to the sale of furniture, a kind of stock which furnishes the very best of fuel for a fire, with the result that there is usually a heavy damage.
In such a store, too, there are usually oils, paints and varnishes, all highly inflammable.
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