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~ity of <br /> <br />iveF <br /> <br />MEMORANDUM <br /> <br />Item # <br /> <br />/4.4. <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Mayor & City Council <br /> <br />Bruce A. West, Fire Chief <br /> <br />May 15, 2000 <br /> <br />Insurance Services Office (ISO) Survey Report <br /> <br />The Elk River Fire Department has been working on the goal of reducing our <br />fire protection class rating for our community. The Elk River Fire Department <br />had a ISO Survey conducted in 1991 and the rating for our community was <br />established at a Class 5. In February 1995, I obtained a copy of the <br />classification report to check to see where improvements could be made within <br />our department to lower our fire protection class rating. The Elk River Fire <br />Department studied the report and began a project to reduce our fire <br />classification rating. The results of the 1991 study rated the Elk River Fire <br />Department at 50.99 percent, which was a high 5 rating. Our goal was to <br />reduce this rating one full classification or more. The lower the fire protection <br />class rating, the better the fire department is recognized under the Insurance <br />Services office. <br /> <br />A great deal of work and effort of many of the Elk River firefighters were <br />involved to complete this project. The ISO rating affects the insurance <br />premiums of the citizens and, specifically, the businesses within our <br />community. For the average homeowner, the lowering of our fire protection <br />class rating to a Class 4 will not have a significant impact on their insurance <br />premiums. In general, the insurance industry uses Class 3 to Class 7 for <br />categorizing residential insurance premiums. <br /> <br />For the business community, each time the fire protection class rating lowers, <br />they should realize a 5-7 percent drop in their business insurance premiums. <br />The Elk River Fire Department believes this has a significant impact on our <br />commercial and industrial facilities in reference to their fire insurance <br />premiums. Our department has made significant improvements in many areas <br />related to the ISO Survey Report. <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425 <br /> <br /> <br />