PROPERTY INSURANCE AND BUILDING CONSTRUCTION TYPES
One of the biggest factors in the cost of property insurance for charter schools has to do with something that most schools don’t think about at all. It is the materials that were used the building the school occupies. Selecting a building with more fire resistant materials can lead to significant decreases on your premiums.
For reference, here the different construction types of buildings:
1. Frame Buildings
Where the exterior walls are wood or other combustible materials, including construction where the combustible materials are combined with other material such as brick veneer, stone veneer, wood iron-clad, and stucco on wood.
Where the exterior walls are wood or other combustible materials, including construction where the combustible materials are combined with other material such as brick veneer, stone veneer, wood iron-clad, and stucco on wood.
2. Joisted Masonry Buildings
Where the exterior walls are constructed of masonry materials such as adobe, brick, concrete, gypsum block, hollow concrete block, stone, tile or similar materials, and where the floors and roof are combustible.
Where the exterior walls are constructed of masonry materials such as adobe, brick, concrete, gypsum block, hollow concrete block, stone, tile or similar materials, and where the floors and roof are combustible.
3. Non-combustible Buildings
Where the exterior walls, floors and roof are constructed of, and supported by metal, asbestos, gypsum or other non-combustible materials.
Where the exterior walls, floors and roof are constructed of, and supported by metal, asbestos, gypsum or other non-combustible materials.
4. Masonry Non-combustible Buildings
Where the exterior walls are constructed of masonry materials as described in number 2 above, with the floors and roof of metal or other non-combustible materials.
Where the exterior walls are constructed of masonry materials as described in number 2 above, with the floors and roof of metal or other non-combustible materials.
5. Modified Fire Resistant Buildings
Where the exterior walls, floors and roof are constructed of masonry or fire resistive materials with a fire resistance rating of one hour or more, but less than two hours.
Where the exterior walls, floors and roof are constructed of masonry or fire resistive materials with a fire resistance rating of one hour or more, but less than two hours.
6. Fire Resistant Buildings
Where the exterior walls, floors and roof are constructed of masonry or fire resistive materials with a fire resistance rating of not less than two hours.
Where the exterior walls, floors and roof are constructed of masonry or fire resistive materials with a fire resistance rating of not less than two hours.
If you would like to find out more about decreasing your property insurance premiums for your charter school, please feel free to contact our office.
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