Leadership

New Insurance Rating Schedule for New York Farm Buildings

Issue 8 and Volume 111.

New Insurance Rating Schedule for New York Farm Buildings The New York Fire Insurance Rating Organization has announced two new classifications for rating farm barns and outbuildings in the state with lowered insurance rates given to those who qualify. Class “E” covers properties within five miles of an approved available fire department equipped with a 500-gpm pumper and a water tank or tanks having a capacity of not less than 500 gallons. A telephone must be provided on the premises of the insured. Class “F” covers properties protected as above, but in addition, are within 1,000 feet of an approved hydrant, farm pond, dammed stream or other water source with a minimum flow of 250 gpm or 15,000 gallons capacity.

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