Some residents to see drop in fire insurance rates
Tue, 2014/06/10 - 10:01am News Staff
Commissioner of Insurance Jim Donelon says Plaquemines Parish homeowners in Fire District 2 , the Belle Chasse area, can expect significant rate reductions in their fire insurance premiums, effective July 7. Donelon recognized firefighters and local officials in Fire District 2 for the improvement of their fire protection grading from Class 5 to Class 4. “The improved fire protection grading will bring about insurance rate reductions for many policyholders – but perhaps more importantly, the new grading means that the protection of residents has been significantly enhanced,” Donelon said. “I commend the community for their successful efforts to improve safety.” Fire insurance for a home valued at $150,000 was costing residents in Fire District 2 about $1,983 a year. That cost is likely to drop to about $1,852 under the new grading, saving homeowners about $131 in annual premiums.
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