Church insurance needs may be broken down into the following six distinct areas:
- Property
- Liability
- Crime
- Automobile
- Workers Compensation
- Excess Liability (Umbrella)
However, products sold to fulfill these needs can vary tremendously from company to company.
It is extremely important that congregations understand what they have purchased and that what they have purchased covers their needs. The following will explain the types of coverage a church should have. Immediately following will be a form that agents quoting your congregation’s insurance should be required to complete. This will help assure that you are purchasing what you need and that any quotes you receive are “apples to apples” comparisons.
Peacock Insurance provides the following types of Church insurance protection:
PROTECTING YOUR RIGHT TO PURCHASE INSURANCE AND ACQUIRING THE LOWEST AVAILABLE PRICE
The property section of insurance policies are not intended to be maintenance policies for the church. If claims are occurring because your church is failing to maintain the property, you stand a chance of having your insurance canceled or having the rate increase dramatically at the renewal. Insurance is intended to cover losses that are accidental and unforeseen. As a good steward of your congregational properties, you should be maintaining them to the best of your ability. Liability portions of your policy can be adversely affected by this same maintenance problem. Crumbling, broken steps, parking lots with large potholes, interior/exterior steps without railings, deficient lighting, etc. are all potential injury spots for members of your congregation, your employees, and the general public. Once again, while the insurance carrier will pay these claims, they will not pay them for long because you are not maintaining the property to a level that is expected.
Proper maintenance will assure you of the right to purchase insurance and also assure that it is at the lowest possible price.
