Village of Stoddard: Class 3 -- Reclassed in 2016
Town of Bergen (non-hydrated): Class 7
ISO’s Public Protection Classification (PPC™) information plays an important part in the decisions insurers make affecting the underwriting and pricing of property insurance. In fact, most U.S. insurance companies — including the largest ones — use PPC information in one or more of the following ways:
Insurance companies — not ISO — establish the premiums they charge to policyholders. The methodology a company uses to calculate premiums for property insurance may depend on the company’s fire loss experience, underwriting guidelines, and marketing strategy.
Here are some general guidelines to help you understand the benefits of improved PPC ratings for residents and businesses: