New ISO Rating Expected to Reduce Insurance Rates
Montgomery County, TN – Homeowners in the Southside area of Montgomery County who live near the newly built Cunningham Volunteer Fire Rescue substation have a new reason to celebrate the addition of the station, which opened in October 2017.
Montgomery County Volunteer Fire Service recently went through the recertification process with Insurance Services Office, Inc. (ISO). The ISO program provides the criteria for the Fire Suppression Rating Schedule.
ISO scores range between Protection Class 1, being the best evaluation, to Protection Class 10 as the lowest.
Based on the recertification, the ISO rates have been upgraded from a Protection Class 10 status to Protection Class 6 for homeowners who reside within five road miles of the new Southside substation, located at 1980 School Road.
The effective date for the upgraded Protection Class 6 rating is April 1st, 2018. The change in rating is a significant improvement and should provide homeowners with a reduction in their insurance premiums. Most insurers factor the ISO information into the formulas they use to determine insurance premiums. Home insurance rates vary widely and are based on many different variables. If you live in the Southside area and would like to know if your insurance rates have changed, please contact your home insurance company.
“The main focus of our fire service is to keep people safe. We also work to save their property. Building the new substation in Southside improves response time for those who live in that area of the community. The upgraded protection rating is an additional perk for those who live within five miles of the new station and we are glad it has changed,” said Montgomery County Fire Chief Ed Baggett.
The land for the Southside substation and the facility was purchased and built with money from fundraisers by the volunteer firefighters and donations from citizens over a two-year period. The funding for the equipment and trucks came from Montgomery County Government.