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Wed May 14, 2014
Lower Property Insurance Rates Likely In Rhinelander
Rhinelander residents should be seeing lower rates on property insurance thanks to upgrades in the city's infrastructure.
City Administrator Blaine Oborn says an independent agency rates municipalities on things like fire protection.
Oborn says the scale is up to 9. Rhinelander had been rated at a 5, but the rating dropped to a 3. The lower the rating, the better....
"....what that means to the property owners in Rhinelander is probably within the next six months to a year as their policies renew. they're rates should be dropping about 20 percent...."
He explains how the lower rate came about...
"....that was the result of the city improving the rating of the water system...and also rate your fire department. Given our new apparatus and career firefighters and being available 24-7....."
Oborn says one report found that person saving between $50 and $100.