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Your guide to buying church insurance

These tips can help you select a carrier that's best suited for your ministry while being a good steward of your ministry's budget.

1. Your carrier should understand the unique needs of ministries.
Find a provider who has a detailed understanding of ministries, is invested in building a lasting relationship, and has a hard-working agent that can be your single point-of-contact.

2. Find a policy that offers protection against inflation.
Policies that have been renewed from year-to-year at the same coverage level without review may not be adequate. Find a policy that increases your property limit each year to keep up with inflation.

3. Replacement costs vs. actual cash value.
"Replacement cost" coverage covers the amount it would take to replace the asset in today's dollars. "Cash value" coverage covers the amount the lost asset would be worth in today's dollars. Select a policy to insure replacement costs.

4. Keep away from coinsurance penalties.
It's important to appraise and insure your property for its accurate replacement value. But you should also search for a policy that won't penalize you if you underestimate it.

5. Opt for pastoral counseling and alleged abuse claims coverage.
The allegation of abuse is damaging, even if it’s untrue. Find a policy that will cover the costly legal fees and other damages.

6. Look beyond owned automobile coverage.
Find a policy that extends beyond your church van to volunteer vehicles. Otherwise, if members or staff have an accident in their vehicles while on church-related business, your church could be liable.

7. Your carrier should be backed by the best.
Look for a provider with financial stability and high ratings.

If you'd like help reviewing your current P&C policies, our representatives welcome the opportunity. Simply call 1-888-98-GUIDE (1-888-984-8433) and ask to speak with a P&C representative.


This article is for informational purposes only. It is not intended to be construed as legal advice. Readers should use this article as a tool, along with best judgment and any terms or conditions that apply, to determine appropriate policies and procedures for your church's risk management program.