ISO upgrade could translate to lower insurance costs for residents
Jul 15, 2014 | 3453 views | 0 0 comments | 83 83 recommendations | email to a friend | print
—Photo submitted
Vehicles stand ready at the 5-year-old Fairdealing-Olive Fire Department building on U.S. 68.
—Photo submitted Vehicles stand ready at the 5-year-old Fairdealing-Olive Fire Department building on U.S. 68.
By Venita Fritz

Tribune-Courier General Manager

FAIRDEALING – Homeowners in the Fairdealing-Olive fire district could see a reduction in their insurance rates following news that the department has gained an improved Insurance Service Office (ISO) rating.

Lt. Scott Jones of the all-volunteer department said the rating was upgraded from 7/9 to 5/5X following a recent visit by the ISO.

Jones said the department requested the review because a number of upgrades were in place since the last visit by the rating organization.

Jones credited members of the department for their work during the past several years to get the rating improved.

“This says a great deal about the stewardship of our board of trustees with our tax dollars as well as the commitment of our officers,” he said. “We have some of the best equipment in the county and our citizens are obviously well protected.”

Jones said the ISO ratings are generally reviewed about every 10 years and include a comprehensive analysis of fire equipment, availability of 911 dispatch, volunteer training, operations, responses, water distribution systems and mutual aid agreements.

An ISO review had not been performed since the Fairdealing-Olive Fire Department moved into its new headquarters in 2009.

According to Jones areas are rated from 1 to 10, with 1 being the best and 10 indicating virtually no fire protection at all.

As of this year nationwide, 8,722 communities had the 5 rating, while 5,216 had the Class 4 rating, 2,410 had the Class 3 rating, 750 had the Class 2 rating and 60 had the Class 1 rating

Property owners are encouraged to contact their insurance providers to inquire about potential savings.

Allstate Insurance agent Kandi Spraggs said insurance companies vary in their application of discounts based on ISO ratings, but on average homeowners might realize a .5 percent decrease for each new level.

In the case of the Fairdealilng-Olive ISO rating, customers might save as much as 1.5 percent on insurance premiums.

The Fairdealing-Olive fire protection district serves a 55-square-mile area and has been a Marshall County taxing district since 1981.
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