5 Factors To Consider While Choosing A Church Insurance

Places of worship have their own significance for innumerable people around the world. There are different religions in this world and every religion have their own dedicated places of worship where its followers gather to express their faith in almighty by performing prayers. Churches are revered places all across the globe but that does not mean they are 100 percent safe. Anti-social elements have no regard whatsoever for the places of worship and it is evident from a steep increase in number of theft cases reported at churches in different locations which has resulted in heavy financial losses for the church.

This situation has necessitated the need of a correct Church Insurance policy that fits your needs. However, there are some important factors to consider before you choose to protect your ministry by considering your needs and values. There are different types of church insurances to choose from to meet the special needs of your church. Read on to learn about the factors that should be taken into consideration when purchasing a suitable church insurance.

Is The Insurance Company Financially Strong?

You cannot expect insurance company to compensate for your losses if its financial condition is nothing to feel secured about. But as a layman, how are you able to find out about the financial status of an insurance carrier? Each certified insurance company is given rating according to its financial status. Insurance companies with A++ and A+ ratings are considered as "superior", companies with A and A- rating are considered as "excellent", while B++ and B+ ratings are associated with "good" insurance companies.

Does Coverage Offered Meet The Needs Of Your Church?

Not all churches are same; some are big while others are small. There are a large number of churches which have additional facilities for the members such as coffee shop, gym etc,. It is understood that these facilities house expensive equipments and furniture which are also prone to the threat of robbery. Make sure that your insurance covers each and every aspect of your ministry.

Have You Checked The History Of Settlement Practices Of The Insurance Company?

Before you go ahead with your Church Insurance, it is advisable to look at its history of past settlements to get a good idea of whether or not they strictly follow their tall claims or not. You also want to make sure that there are no unnecessary delays and compensations are given fairly and timely.

Are You Offered Value Added Services?

It is understood that insurance coverage is great for protecting your ministry, but keep an eye on value added services that are offered by only a handful of church insurance companies. Services such as risk management tools, assessments, training videos etc., are useful add-on services for churches.

Is The Company Easily Accessible To Its Clients?

Easy communication is very important between both the parties so that its clients do not face any type of difficulty in contacting them regarding any policy changes. Offering online services to clients have become very important nowadays to keep up with changing trends that are meant for greater convenience of the clients. Clients find making payments and taking policies much easier online as compared to conventional modes of services.

Integrity Now Insurance Brokers offer an array of services, including church property insurance and church liability insurance. We are here to help with all of your church insurance needs.