Spending less money on church insurance in order to keep more dollars for your ministry is top of mind for many. Luckily, with regular church insurance coverage reviews, you can help ensure that you are getting the best available price for your protection. Also, you can maintain peace of mind knowing that your coverage is adequate for your church and reflects its current operations.
When you get a coverage review, a dedicated representative, preferably a licensed agent, will look at the insurance policy/policies you currently have, their premium amounts, and what they offer protection for. Next, and most importantly, you should be asked if the coverage you have seems appropriate for your needs and/or if there have been any recent changes made to your church that might make it necessary to add or remove certain insurance products. Once your coverage priorities have been established, your coverage will be shopped with carriers to see if there are insurance options available that could save you money.
It’s actually that simple.
A thorough coverage review does not take much time and it can make a big difference in how many dollars you are able to keep for ministry efforts if you find opportunities to save. Also, even if your premium amounts stay flat, you can have peace of mind knowing that you are still getting the best available current market pricing. Since your policies and what they help protect are reviewed, too, you can rest easy knowing that you’re taking appropriate steps to help your church navigate risk.
Remember- many people might think a coverage review is not of value because they entered into multi-year insurance contracts. Even if your church has a multi-year contract, there still might be ways that you could save money. For this reason, it is recommended that you still get regular coverage reviews to help ensure you are maximizing savings.
At Suracy Faith, we are so dedicated to helping your church keep more dollars, we offer Quotinual. Quotinual is our ongoing and on-demand quoting process that is designed to offer maximum savings. With Quotinual, we will automatically review your coverage at your annual renewal to see if you could be saving with a new quote so you are not locked into overpriced rates. We also shop your coverage on-demand anytime you feel it’s necessary to get a quote.
Whether you're a current customer or just thinking about it, we're here to help.