KIVFD an­nounces new lower in­sur­ance rat­ing

Could mean lower home­owner pre­mi­ums

Record Observer - - News -

CH­ESTER — The Kent Is­land Vol­un­teer Fire De­part­ment has re­cently un­der­gone an in­sur­ance rat­ing eval­u­a­tion by the In­sur­ance Ser­vices Of­fice. The ISO is an in­de­pen­dent or­ga­ni­za­tion that rates a fire de­part­ment’s abil­ity to pro­tect its con­stituents against fire.

ISO uses a rat­ing scale, from one to 10, when de­ter­min­ing the ef­fec­tive­ness of the over­all fire pro­tec­tion in a com­mu­nity. Lower num­bers re­sult in bet­ter in­sur­ance rates for res­i­dents and busi­ness own­ers and shows the com­mu­nity that they have bet­ter fire pro­tec­tion.

The ISO rat­ing that was in ef­fect since 2011 was five in ar­eas with fire hy­drants, such as Bay City and Clover­fields. The rat­ing in non­hy­drant ar­eas such as Mar­ling Farms and Love Point was 8B. Af­ter the eval­u­a­tion process in 2016 the Kent Is­land Vol­un­teer Fire De­part­ment has again im­proved the rat­ings to a 4Y in non-hydrant ar­eas and a very good rat­ing of four in ar­eas with hy­drants. This im­proved rat­ing be­comes ef­fec­tive when adopted by your in­sur­ance com­pany.

What these num­bers mean to the av­er­age res­i­dent is a pos­si­ble re­duc­tion in their home­own­ers in­sur­ance pre­mi­ums. The pos­si­ble sav­ings on a $350,000 home could be a $150 to $200 re­duc­tion in their pre­mium. Res­i­dents and busi­ness own­ers are en­cour­aged to con­tact their in­sur­ance agent to see what this new rat­ing will mean to them.

The In­sur­ance Ser­vices Of­fice Pub­lic Pro­tec­tion Clas­si­fi­ca­tion rat­ing is used by most in­sur­ance com­pa­nies in mar­ket­ing, un­der­writ­ing, and to help es­tab­lish fair pre­mi­ums for home­own­ers and com­mer­cial fire in­sur­ance poli­cies. Over the last year a rep­re­sen­ta­tive from the ISO made sev­eral vis­its to our com­mu­nity and met with fire de­part­ment, wa­ter, and emer­gency ser­vices per­son­nel. The Kent Is­land Vol­un­teer would like to thank Alan Quimby of the Queen Anne’s County San­i­tary Dis­trict, and Chief Ed Stoner of the Queen Anne’s County De­part­ment of Emer­gency Ser­vices Com­mu­ni­ca­tions Di­vi­sion for their ef­forts and as­sis­tance dur­ing this eval­u­a­tion.

KIVFD As­sis­tant Fire Chief Paul Schlot­ter­beck, who led this eval­u­a­tion for the fire de­part­ment, said the Kent Is­land Vol­un­teer Fire De­part­ment plans to use the in­for­ma­tion ob­tained dur­ing this eval­u­a­tion to con­tinue to im­prove op­er­a­tions, equip­ment and train­ing in or­der to pro­vide the com­mu­nity with the best pos­si­ble fire pro­tec­tion and thereby low­er­ing in­sur­ance rates.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.