If you live in the Steese or North Star fire service areas, check with your insurance company to see if you have a rate decline coming.
The ISO fire ratings for both areas are improving. ISO rates fire protection on a scale of 1 to 10, with 1 being exemplary.
Most of North Star is moving Jan. 1 from 8B to 4, which is the level that Lakloey Hill has long enjoyed because of its hydrants. The Steese area is changing Dec.1 from an 8B to a 5.
Micheline Patterson of Ken Murray Insurance said, “We have seen some pretty nice refunds being issued to clients with the new protection class change, a little extra money for Christmas.”
“Some even call to make sure the refund is really theirs,” she said.
Not all insurance companies set their rates based on the ISO ratings. For instance, State Farm uses its own loss records as a measure of insurance risk and classifies areas by Zip codes.
Patterson said some insurance companies won’t change their rates until the policies are renewed, while others are making the change and issuing refunds.
“It is a good idea to call your insurance agent no matter where you live. The Chena-Goldstream Fire Department and Ester fire departments have been re-classified and if the homeowner did not call their agent and advise them of the change they may still be paying the higher rate,” she said.
Control your homeowners insurance rates by comparing free online quotes now!
The ISO fire ratings for both areas are improving. ISO rates fire protection on a scale of 1 to 10, with 1 being exemplary.
Most of North Star is moving Jan. 1 from 8B to 4, which is the level that Lakloey Hill has long enjoyed because of its hydrants. The Steese area is changing Dec.1 from an 8B to a 5.
Micheline Patterson of Ken Murray Insurance said, “We have seen some pretty nice refunds being issued to clients with the new protection class change, a little extra money for Christmas.”
“Some even call to make sure the refund is really theirs,” she said.
Not all insurance companies set their rates based on the ISO ratings. For instance, State Farm uses its own loss records as a measure of insurance risk and classifies areas by Zip codes.
Patterson said some insurance companies won’t change their rates until the policies are renewed, while others are making the change and issuing refunds.
“It is a good idea to call your insurance agent no matter where you live. The Chena-Goldstream Fire Department and Ester fire departments have been re-classified and if the homeowner did not call their agent and advise them of the change they may still be paying the higher rate,” she said.
Control your homeowners insurance rates by comparing free online quotes now!
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