I am posing this question to you guys because TexAgs knows stuff.
I serve on the BOD of a small volunteer fire department. We currently have an ISO rating of 3. Due to a new, consistent funding source, we now have the resources to attain a 2 rating which will lower insurance rates for our residents.
My question is this, I read an article that suggested Insurance companies were moving away from ISO ratings to set their rates. I know this board is filled with Realtors and lenders, but I think there are some insurance guys, and girls, here too.
With improvements, and the use of a consultant, we estimate spending around $24K to attain the 2 rating. We can easily afford this now, but, if the ISO ratings are becoming less and less important, we would prefer not to spend the money.
I humbly await your brilliance.
I serve on the BOD of a small volunteer fire department. We currently have an ISO rating of 3. Due to a new, consistent funding source, we now have the resources to attain a 2 rating which will lower insurance rates for our residents.
My question is this, I read an article that suggested Insurance companies were moving away from ISO ratings to set their rates. I know this board is filled with Realtors and lenders, but I think there are some insurance guys, and girls, here too.
With improvements, and the use of a consultant, we estimate spending around $24K to attain the 2 rating. We can easily afford this now, but, if the ISO ratings are becoming less and less important, we would prefer not to spend the money.
I humbly await your brilliance.