Boca Raton Building Department Participates In Program To Help Lower Insurance Premiums

861

Staff report

The Boca Raton Building Department is helping to lower insurance premiums for businesses and residents by participating in a program offered by the Insurance Services Office.

ISO provides insurance underwriters with information about the quality of construction and life safety aspects of buildings and structures. The Building Code Effectiveness Grading Schedule (BCEGS) is a program administered by the ISO, which measures a community’s commitment to a robust and credible building code program by providing a score.

The Boca Raton Building Department recently participated in the program and received its first BCEGS scores, which may have a positive effect on insurance rates by lowering premiums for newly constructed buildings and renovated buildings.

The program assigns a classification score between 1 and 10 to each community that participates, a 1 being exemplary enforcement. Factors included in the BCEGS classification score include the type of government, natural hazards specific to the jurisdiction, average assessed building values, number of permits issued, number of inspections performed daily, building and fire code adoption and qualifications of building code enforcement staff. The City of Boca Raton has been awarded a BCEGS score of 3 for commercial buildings and 4 for 1 & 2 family dwellings.

The (BCEGS) applies to hurricane, wind damage, construction durability and safety. Now that the City of Boca Raton has participated in the program and has a score, the ISO will report the score to the insurance industry and it may be used to calculate the insurance rates for the community. The scores will have a positive effect on insurance rates by lowering premiums for newly constructed buildings and renovated buildings.