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HomeMy WebLinkAboutSS3 - Presentation - ISO Class I - PowerPointISO Public Protection Classification April 9, 2024 ISO's PPC program measures the effectiveness of1em "°, ssa public fire protection for structures in 38,000 fire districts across the country PPC considers the overall fire suppression service capability relative to the risk in the graded area Better fire protection - as measured by the PPC - generally leads to a better loss experience for insured structural damage Reviews are conducted every five years © Verisk Analytics, Inc. All rights reserved 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 a Countrywide 7,057 3,856 8,841 5,953 4,906 2,035 2,29Q 1,328 931 503 Ii. Class Class Class Class Class Class Class Class Class Class Class 1 2 3 4 5 6 7 8 8B 9 10 503 Class 1 = Less than l% of all rated Communities © Verisk Analytics, Inc. All rights reserved 40 Fire Suppression Rating Schedule A community fire suppression evaluation, not just a fire department evaluation Acknowledged and accepted measurement of a community's fire suppression capabilities References proven national standards A.American Water Works Association VAPCO Ono National Fire Protection Association The Authoritative Resource an Safe WaterInternational NFPA The authority on fire, electrical, and building safety Leaders in Public Safely[ommunietions' © Verisk Analytics, Inc. All rights reserved CArS1rr3URiCAU913 lntreSkUdUf E [ 4 evaluates Me capability of the emergenoy COrriMUNCatiOrls systMS tO 11811d1a 8119CIN8 recelpt and dispatch of alarms to fire depariments. F1re Mi11uatlon neograpnics ISO assesses a property's d islance to UT I6gal firsl-rL'Spa1idinq fire Station and to a recognizes haydranC -or other effective i water source. F, FEre Uapartment DeterminingI � ISM} assesses a fire departrnent's andityf to I:aunrh �n offoCliue initial altack on first -LIgrm. We eva[uate station distribution, Equipment. pumping capad ty, persannei, and training. PPC Water Supply *0 rewiem the distribution, mairktenarLu, and con(Mn of hydrants, pumps, s#oiage. and ililtratlon. We assess the available water supply against the MOLL Ili needecl to s uppress fires. Community RiA Redue#Ion ISO evaluates a community's risk reduction stales by examining three cNslinc;t areas; fire prevention, public fire safely educaloon, and fire inaestiga,tron -capabilities. How Does PPC Information Affect Individual Insurance Policies? ISO'ISO's Public Protection Classification (PPCO) information plays an important part in the decisions insurers make affecting the underwriting and pricing of property insurance. In fact, most U.S. insurance companies — including the largest ones — use PPC information in one or more of the following ways: • to identify opportunities for writing new business • to manage the quality of community fire protection across their book of business • to review loss experience in various rating territories • to offer coverages and establish deductibles for individual homes and businesses Insurance companies — not ISO — establish the premiums they charge to policyholders. The methodology a company uses to calculate premiums for property insurance may depend on the company's fire loss experience, underwriting guidelines, and marketing strategy. Here are some general guidelines to help you understand the benefits of improved PPC ratings for residents and businesses; PPC may affect the underwriting and pricing for a variety of personal and commercial insurance coverages, including homeowners, mobile home, fine arts floaters, and commercial property (including business interruption). • Assuming all other factors are equal, the price of property insurance in a community with a good PPC is lower than in a community with a poor PPC, © Verisk Analytics, Inc. All rights reserved