The hard working fire department folks of the Walnut Cove
Fire Department have successfully improved their fire districts official
protection class rating. And they have
achieved this just a few years after they were placed probation for one year as
a result of failing to meet state requirements.
Residents and property owners in the Walnut Cove Fire District should
enjoy improved safety and perhaps lower property insurance rates as a result of
this change. The new class rating took
effect Jan 1st, 2014.
Several factors go into the development of property
insurance rates like the construction materials, the age and what is inside the
property. But a huge part of the rating
puzzle comes from the protection class rating.
This applies to all types of property insurance from homeowners
insurance to dwelling
fire insurance and even business insurance policies like commercial
fire insurance and businessowners
insurance. Fire districts are all
assigned a protection class rating number between 1 and 10. The lower numbers indicate better fire
protection and will help reduce property insurance rates while the higher
numbers indicate poorer protection and thus generate higher insurance
prices. These protection class ratings are certified
by the state. In the process of
evaluating these ratings, the state studies the fire department’s ability to
respond quickly, whether or not they have water available at hydrants or if
they have to carry the water on their trucks.
The quality of the supporting fire departments in surrounding districts
can also have an impact on their protection class ratings.
In the case of the Walnut Cove Fire District, they were able
to make huge strides in a relatively short period of time to reduce their
protection class rating. For owners of
property located inside the city of Walnut Cove their new protection class
rating will drop from an 8 to a 5. For
those in a 5 mile district surrounding the town limits, their new class rating
has dropped from a 9 to a 6. The people
of Walnut Cove and in particular their fire department should be proud of this
accomplishment and what it means for the safety and protection the people and
property in the Walnut Cove Fire District.
If you are an owner of property located in the Walnut Cove
Fire District, carefully check your next property insurance renewal policy. If you are unable to determine your property’s
protection class from the renewal policy then I suggest you contact your insurance
agent to be sure that the policy renewed with the new protection class code
applied to the rate. It would not be
unusual for an insurance company to miss these changes and I wouldn’t want you to
miss out on the savings that your fire department has earned for you.
Clinard Insurance Group, is an independent insurance agency
located in Winston Salem, NC. One of our
missions is to help all insurance buyers to be informed consumers. We insure thousands of households and
businesses all across North Carolina, Georgia, South Carolina and
Tennessee. If you would like help with
your auto
insurance or home insurance, or your business insurance or even your life
insurance, please feel free to call us, toll free, at 877-687-7557.
