Insurance savings questionable if ISO rating lowered
Thursday, July 12, 2012
As Jefferson City firefighters campaign for a proposed one-fourth-cent sales tax, a selling point has been that the funds used will address deficiencies within the department, which they say would lead to lower insurance rates for property owners.
But whether rates would actually be lowered is questionable and would be based on many factors, some outside the city’s control. And it likely won’t be for another decade or more until homeowners even had a chance for lower rates.
This week, the city announced it has retained its class 3 ISO rating.