ISO is an independent organization that rates buildings for many different factors that effect the insurability of the building.
That report is given to insurance underwriters who use the information contained with the ISO report to provide an insurance premium. This means the ISO rating on your building is very important because a poor ISO rating can mean an increase in premium.
It can also mean a decrease as well if you have measure in place that make your building safer or less combustible.
Watch this video “How can the ISO rating on my building affect the insurance premiums?” for more details:
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This is video #37 of a one hundred insurance video series that The Murray Group is producing to provide insurance consumers with quick, valuable answers to their everyday insurance questions.
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created by Ryan Hanley