Over the past decade, it has become increasingly more important than ever for churches and religious institutions to purchase religious institution insurance. Unfortunately, many religious institutions do not understand what this is or they think that the policy that they have had in place for years still offers them the level of protection they need. At The Insurance Shop USA, serving Sandpoint, ID, we want to educate religious institutions about this type of insurance. Here are two of the questions you may have about religious institution insurance and the answers.
What is Religious Institution Insurance?
Religious institution insurance helps to protect your religious institution in a variety of different situations. The insurance can help to cover the building against weather-related damage. The policy can help to pay for your legal defense if your religious organization is sued, or cover any award someone wins against you. And the insurance can help to pay for the damage done to the building and injuries to employees if an act of violence occurs on the land or in the building your religious organization owns.
Why Would My Old Policy Not Offer Enough Protection?
If you have an old religious institution insurance policy, your old policy may not offer enough protection. The cost to defend lawsuits has drastically increased in the past decades, as has the awards given to those who win the lawsuits. Your policy may not take into account current costs and expenses and as such, may not provide enough coverage.
If you have an old religious insurance institution insurance policy, or if you do not have one at all, now is the time to look into updating the policy or look into getting a new one. If you are in the greater Sandpoint, ID area, Contact The Insurance Shop USA today to discuss your needs and to obtain a religious institution insurance quote.