DULARGE — Homeowners in the Bayou Dularge area will pay lower fire-insurance premiums beginning next week thanks to an improved fire-risk rating.
Fire District 10, whose protection area includes Bayou Dularge and Theriot, purchased new equipment to qualify for a 4, one point better than the rating it previously held.
The new rating takes effect next Monday and will mean homeowners will pay about 10 percent less for fire insurance coverage over the next year.
The exact decrease depends on the value of the property, its location and the rate schedule of the company insuring the property, said State Insurance Commissioner Robert Wooley.
Overall, though, the change means fire coverage on an $80,000 home will drop by about $39 a year.
“That may not sound like a lot,” Wooley said. “But when you consider how many homes there are in a district, it’s a major impact.”
The Property Insurance Association of Louisiana, a nonprofit group of state-licensed insurance carriers, issues fire ratings after surveying a district’s services.
The surveys …Read more