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Fire insurance premiums within the City of Maumee are relatively
low, due to the facilities and services provided by the City for
fire and water services. The Insurance Services Office (ISO) is an
independent organization that works through insurance companies
throughout the United States to assist in establishing insurance
ratings for communities. However, ISO does not set the cost ratings
(premiums) for insurance ratings; this is established by individual
insurance companies. ISO visits communities usually on 15-year
spans. Maumee's last ISO visit was in 1998. The ISO representative
reviews several areas of services or facilities, and a point system
is delivered. Water services, such as the number of fire hydrants,
their spacing, water supply, etc., are reviewed. When
reviewing the Fire Division, such categories as type of fire service
personnel, whether volunteer or full-time, amount and type of fire
equipment or apparatus, and training records are reviewed.
The ratings of ISO range from Class 10, which is the lowest level
of ratings, to Class 1, the highest. The City of Maumee, with its
preponderance of utility and safety services to its citizens, has
maintained a Class 4 rating for many years. Regarding premium costs,
they range in relation to the construction of each residential
building. This can be anywhere from $200.00 to $1,000.00 annually.
The ISO rating for commercial structures in Maumee is also a Class
4. Commercial premiums may be as high as $7,000.00 per year, all
depending upon the building.
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