As another recent post has mentioned, State Farm has begun in certain states to rate properties based on loss experience by zip codes.
Now, thinking more about it and reading some other posts, I realized once more sometimes there's differences in the country that may make the perspective look different!
How big (square miles?) is your zip code? Are there multiple fire departments in it?
In my area of New England there is a fairly close relationship in zip code coverage and fire department coverage (i.e. multiple FDs not under the same zip). A large loss in one isn't likely to affect another fire department under straight zip code rating (by straight I mean one zip, one loss history...if they average multiple zips that would be a different situation)
Now, thinking more about it and reading some other posts, I realized once more sometimes there's differences in the country that may make the perspective look different!
How big (square miles?) is your zip code? Are there multiple fire departments in it?
In my area of New England there is a fairly close relationship in zip code coverage and fire department coverage (i.e. multiple FDs not under the same zip). A large loss in one isn't likely to affect another fire department under straight zip code rating (by straight I mean one zip, one loss history...if they average multiple zips that would be a different situation)
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