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Figure 1 <br /> EXAMPLE OF A COMMERCIAL FIRE RATING SCHEDULE RATE ANALYSIS <br /> The following example uses the Commercial Fire Rating Schedule for the rate <br /> analysis. Only the major factors are shown in the rate structure since the emphasis is to <br /> depict the effect a Public Protection Class has on a selected property. The rate structure <br /> is based on frame construction. Building rate factors would change for other structural <br /> classifications.* <br /> 1. Occupancy - restaurant <br /> 2. Construction - frame 1 & 2 story <br /> 3. Special Hazard - cooking equipment <br /> 4. Unprotected - i.e., no automatic sprinkler system <br /> jf 5. Insured for 90% of the assessed value <br /> 6. Assessed value - $274,000.00 <br /> Public Protection Class Annual Premium <br /> 10 (Unprotected) $6,902.06 <br /> 9 (Improvement to Semi-Protected) $5,866.34 <br /> 8 (Protected Class) $5,340.60 <br /> 7 (Protected Class) $5,277.78 <br /> 6 (Protected Class) $5,014.20 <br /> 5 (Protected Class) $4,763.49 <br /> 4 (Protected Class) $4,526.62 <br /> 3 (Protected Class) $4,164.36 <br /> 2 (Protected Class) $4,039.86 <br /> It should be noted that the decrease in insurance premiums is not directly <br /> incremental to each city improvement. The highest reductions occur between Class 10 <br /> and Class 9 and between Class 4 and Class 3. <br /> * This example is generic in form and content. Premium values may change from <br /> state to state. <br /> 29 <br />