Louisiana insurance regulators say St. Charles Parish homeowners can expect significant rate reductions in their fire insurance premiums, effective Aug. 11.
Commissioner of Insurance Jim Donelon says the new rates will affect those in Fire District 8 — the Destrehan and New Sarpy areas. He says the change is a result of the district improving its fire protection grading from Class 4 to Class 3.
Fire insurance for a home valued at $150,000 was costing residents about $1,409 a year. Donelon says that cost is likely to drop to about $1,246 under the new grading.
Donelon said the rate reduction will vary depending on the value of the property, the fire district where the property is located and the rate schedule of the company insuring the property.
Topics Louisiana
Was this article valuable?
Here are more articles you may enjoy.
In Florida Court, Sackler Family Member Admits Felony Tied to Her Opioid Addiction 
Florida Surplus Lines’ HO Premiums Now Average About the Same as Admitted Market 
South Florida Police Officers Sue Actors, Say Details in ‘The Rip’ Are Too Real 
Ex-NFL Player Sentenced to 16 Years in Prison for $200M Medicare Fraud Scheme 
