What is this rumor I hear ISO will be dissolved in the next few years!!!
Last week I was talking with a business partner and he had talked to his insurance agent(State Farm) and was told they are going away from ISO!! They will be going to an alternate way of rating an area. He continued on about the other insurance companies would be doing the same. LHS if you are out there and see this please explain. I know there are many departments doing a total makeover to get a better ISO rating. Are they wasting there time and money??? Will ISO not be an issue in the near future?
CAFS Reduced hazard ISO discount
Does anyone know of a specific insurance company that offers the CAFS risk reduction discount provided by the Senate Bill 1610 which was signed into Texas Law back in 1999? I know the Texas State Insurance Commission offers the Texas Addendum to give 1.5 points off the ISO rating, but I believe the insurance companies can offer the same discount directly to the customers.
Originally Posted by Standpipe
The Senate Bill compelled the insurance companies to give a discount equal to having a fire hydrant within 1,000 feet of the protected property.