Chackbay, La., homeowners won’t see their property insurance costs increase since the community’s volunteer fire department has made improvements.
The Courier reports an assessment performed in May by the Property Insurance Association of Louisiana would have raised the volunteer department’s rating from a 5 to a 6 if specific changes were not made in six months.
Executive Director Bob Moorman says the group assesses each fire department in Louisiana every five years on firefighting ability, 911 communications and the community’s water supply on a scale of one to 10, with 1 being the best.
Moorman says homeowners would have seen a 2-3 percent increase in their insurance costs if the rating had risen by one point.
Topics Louisiana
Was this article valuable?
Here are more articles you may enjoy.
Starr Acquiring IQUW; Starr Managing Agency to Be Among 10 Largest at Lloyd’s
Reuters: Iran, Russia and the New Zealand Insurer That Kept Sanctioned Oil Flowing
Catastrophe Bond Investors Told to Brace for Jamaica Payout
The Hartford Q3 Net Income Up 41% 

