![]() #HARD TRUCK 2 KING OF THE ROAD ISO ISO#The difference in commercial fire insurance premiums between a community with a lower ISO rating and a community with a higher ISO rating is significant and in many instances may prevent industry and corporate headquarters from locating in the community. A community that does not have adequate fire services are at a tremendous disadvantage over a community that does. Collierville continually enhances and improves community assets in an effort to promote growth and commercial and economic development. The ISO Rating also has a significant impact on Collierville’s economic development process. A lower ISO Rating can be a factor in recruiting new businesses to a community since property insurance premiums are a cost of doing business, and a competitive insurance premium lowers overhead costs. A lower ISO Rating means that the residents enjoy a higher level of fire protection, better response times, better trained firefighters, and an adequate water supply to protect high-value properties. The benefits to communities are not just monetary. A lower ISO Rating means property owners typically pay lower insurance rates than similar property owners in a community with a higher ISO Rating.įrequently, many think the ISO Rating is the “fire department’s ISO Rating,” when it is more than that – it is a community ISO Rating. Insurance companies use the ISO Rating as one component in establishing property insurance rates. A community’s investment in fire prevention and suppression as represented by the ISO Rating is a proven and reliable predictor of future fire loss. There is a direct correlation between lower ISO Ratings and reduced property loss due to fire. However, many people are not aware of how the classification affects their community. Collierville is one of about 1,000 cities in the United States with a Class 2 rating.Įvery property owner in every city in Tennessee is affected by the Insurance Services Office Public Protection Classification (PPC™), more commonly called the ISO Rating. Communities are given numerical grading on a scale from 1 to 10 with 1 representing the best fire protection capability. This rating follows detailed research and analysis over many months regarding the Town’s Fire Suppression Rating Schedule (FSRS), which measures the capabilities of a community’s ability to fight fires. The rating is based on many factors, including the number of fire stations, fire hydrants and fire personnel, just to name a few. Everything within the corporate town limits of Collierville is classified as a Fire Protection CLASS 2, effective October 1, 2016. ![]()
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