How does the insurance industry view home fire sprinklers?

by FSTI | June 16, 2015 11:01 am

By Fred Durso, Jr. Deemed the largest property casualty writer in the U.S., State Farm offers up to a 10-percent insurance discount for homes equipped with these devices. “State Farm’s approach has been to incentivize safe behavior,” David Tideman, counsel in the Corporate Law Department of State Farm Insurance Companies, told attendees at NFPA’s Fire Sprinkler Initiative Summit in Boston. (State Farm is also a member of the Home Fire Sprinkler Coalition.) While his company supports home fire sprinklers, Tideman noted that support from competitors is uneven. “There’s been a lack of enthusiasm because of water concerns,” he said. “If State Farm is giving…

Source:: NFPA – Fire Sprinkler Initiative[1]

Source URL: https://www.cafsti.org/news/industry-news/how-does-the-insurance-industry-view-home-fire-sprinklers/

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