The Magnolia Volunteer Fire Department has added a new ladder truck and fire engine to its fleet and is in the process of hiring a contractor to build three new fire stations as it continues to prepare for its 2014 Insurance Services Offices classification evaluation. However, as growth in the area demands a need for more fire department services, the department itself suffers from a lack of funding to be fully staffed.
The ISO rating is assigned to every fire department in the nation and is broken down into three categories related to fighting fires. Half the grade is based on an overall evaluation of the department, 40 percent is based on water supply and 10 percent is based on the dispatch system. The main purpose of the rating is to give insurance companies a standard by which to set premiums for residents in the department's coverage area.
Departments are graded on a scale of 1 to 10, with 1 being the best rating possible. The MVFD was given a class 3 rating in 2002.
"We have been working for several years toward preparation for an ISO review," MVFD Fire Chief Gary Vincent said. "ISO sets a grading scale that is commonly used by the insurance industry to determine the premiums people pay for their insurance. It affects both commercial and residential insurance rates in the community we serve."













