LOCATION PPC and LOCATION PPS
Properties can be misclassified for many reasons, and the correct classification may change from one policy term to the next. Every week, fire stations open or close; automatic-aid agreements are signed or dissolved.
Verisk constantly innovates to better assess fire protection and help insurers rate and underwrite more accurately. At the core of our solutions is the industry-standard Fire Suppression Rating Schedule (FSRS), a manual of criteria to review community-level fire prevention and suppression capabilities. But there’s much more to Verisk’s evaluation:
Understanding details such as the types and capabilities of local fire departments, the nature and accessibility of water supplies, and the distance from a property to the nearest responding fire station can help insurers select and price risk more accurately.
LOCATION PPC measures 1,000+ unique data elements, supporting detailed analysis of fire-suppression capabilities. Explore the solution and key factors examined.
A new level of granularity predictive lets you drill deeper into fire protection and safety at the address level, with measurable advantages for growing your book and improving expected loss experience.
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