Date: November 15, 2017
Contact: Stephanie Cooke (970) 353-3890
PLATTE VALLEY FIRE LOWERS ISO RATING
The Platte Valley Fire Protection District is pleased to announce in conjunction with the Town of Kersey, Weld County Regional Communications Center, North and Central Weld Water Districts and our neighboring departments, a positive change in the Insurance Service Office (ISO) rating. Our ISO rating will change from a 5 to a 3, effective December 1, 2017, for all properties within five road miles of the fire station. This change will not affect properties that are outside of five road miles. The lower the rating the better the Public Protection Classification. Only 10% of the fire departments across the country have a Class 3 rating or higher.
ISO’s Public Protection Classification Program (PPC) plays an important role in the underwriting process at insurance companies. In fact, most U.S. insurers – including the largest ones – use PPC information as part of their decision-making when deciding what business to write, coverages to offer or prices to charge for personal or commercial property insurance.
Each insurance company independently determines the premiums it charges its policyholders. The way an insurer uses ISO’s information on public fire protection may depend on several things – the company’s fire-loss experience, ratemaking methodology, underwriting guidelines, and its marketing strategy.
PPC is important to communities and fire departments as well. Communities whose PPC improves may get lower insurance prices. PPC also provides fire departments with a valuable benchmark, and is used by many departments as a valuable tool when planning, budgeting and justifying fire protection improvements.
ISO’s PPC program evaluates communities according to a uniform set of criteria, incorporating nationally recognized standards developed by the National Fire Protection Association and the American Water Works Association. A community’s PPC grade depends on:
Needed Fire Flows, which are representative building locations used to determine the theoretical amount of water necessary for fire suppression purposes.
Emergency Communications, including emergency reporting, telecommunicators, and dispatching systems.
Fire Department, including equipment, staffing, training, geographic distribution of fire companies, operational considerations, and community risk reduction.
Water Supply, including inspection and flow testing of hydrants, alternative water supply operations, and a careful evaluation of the amount of available water compared with the amount needed to suppress fires up to 3,500 gpm.
Please check with your homeowner’s insurance to make sure your policy is re-rated to reflect this change and to see your annual savings!