Bay District Receives ISO (Insurance Services Office) Class 3 |
By Bay District Volunteers | |
July 1, 2014 | |
The Bay District Volunteer Fire Department is proud to announce that the Fire Department will receive the ISO (Insurance Services Office) Class 3 public protection classification, effective July 1, 2014. ISO is a third party independent agency that evaluates the fire department, water department and communications systems. It rates the results on a national scale from one to ten (one being the best and highest). According to ISO, its Public Protection Classification Program (PPC) plays an important role in the underwriting process with insurance companies. Most U.S. insurers report that the PPC information is used in their decision-making process when deciding what business to cover, what coverage’s to offer or prices to charge for personal or commercial property insurance. With a communities Class 3 rating, many insurance providers give a discount on annual insurance premiums for residences and businesses. http://www.bdvfd.org/content/front/image/Divider.png What does the Class 3 ISO rating mean? According to the Insurance Service Office (IS0) Public Protection Class (PPC) survey Bay District VFD’s response area fire protection rating is now a Class 3 rating. Bay District VFD Public Protection Class (PPC) survey improved from a Class 4 to a Class 3 effective July 1, 2014. The new classification places Bay District in the top 2% or one of only six communities in the State of Maryland with a Class 3 ISO rating. Maryland has only four other communities that have a Class 2 rating and Zero with a Class 1 rating. The fire protection rating for Bay District was determined in a 2014 Insurance Service Office (ISO) – Public Protection Class (PPC) survey. The PPC classification system assigns a number grade from 1 – 10 to the 49,010 communities across the United States including 267 communities in Maryland. An ISO Class 1 represents an exemplary fire suppression program, and Class 10 indicates that the area’s fire suppression program does not meet the ISO’s minimum criteria. This grading schedule plays an important role in the underwriting process at insurance companies. ISO documents state that most insurers – including the largest ones – use PPC information for underwriting and calculating premiums for residential, commercial and industrial properties. The PPC program evaluates communities according to a uniform set of criteria. These criteria incorporate nationally recognized standards developed by the National Fire Protection Association and the American Water Works Association.
•Emergency communications
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