When soliciting insurance quotes for home, auto and life, lower rates, generally speaking, are best.
The same bodes true for Hatboro’s , which recently improved its Insurance Service Office (ISO) rating from 5 to 4 – a move that notched the volunteer-driven organization a step closer to “exemplary,” which is reserved for those bearing a 1 rating, according to Fire Chief Keith Gordon.
The rating plays an important role in the underwriting process at insurance companies, according to Gordon, who made a brief presentation to the Hatboro Borough Council Monday night.
“The better our rating the lower our insurance will be,” Gordon said. “And God knows we all pay enough for insurance.”
An improved ISO rating means Hatboro residents would get lower rates on their insurance, according to Gordon.
An evaluation of the fire department – including reviews of everything from eqipment, to staffing, training and geographic distribution of fire companies – accounts for 50 percent of the total score, Gordon said.
Statewide, Gordon said 2,587 fire departments have been reviewed. Of those, only 24 have received a higher ISO classification, he said.
In other business, the council agreed to consider approval of a more than $13,000 phone upgrade for the fire company during its Feb. 27 meeting.