The Palmer Fire Department recently went through a rerating and assessment process from the Insurance Services Office. ISO grades each department through a process called the Public Protection Classification (PPC) survey according to NFPA guidelines. ISO’s Public Protection Classification Program (PPC) plays an important role in the underwriting process at insurance companies. In fact, most insurers – including the largest ones – use PPC information as part of their decision-making when deciding what businesses to write coverage for, coverage’s to offer, or prices to charge for personal or commercial property insurance.
Each insurance company independently determines the premiums it charges its policyholders. The way an insurer uses ISO’s information on public fire protection may depend on several things including the company’s fire-loss experience, ratemaking methodology, underwriting guidelines, and its marketing strategy. There are many factors that go into this process such as call times, water flow, training, trucks, equipment, and more to determine the rating.
Departments strive to achieve the lowest classification rating possible. Palmer has achieved one of the lowest ratings in the state amongst Volunteer Departments and have been classified as a top tier agency.
Palmer Mayor Daniel Crabtree stated, “Palmer is a small town, therefore we don’t have a very large operating budget and the wonderful citizens of this town give to this agency financially and now we are able to give back to them.”
Homeowners and business owners should start to see a decrease in there insurance premiums in the future.
Crabtree sends a special thank you to the volunteers on the department and says, “This would not have been possible without each and every one of them.”
Chief Eric Birdwell stated he was very proud of his department and the leadership that make this department what it is.
PFD’s rating was a 6/8 and they have improved to a 5/5Y.