Frequently Asked Questions About Religious Institution Insurance

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. 

Can You Buy Health Insurance Year Round?

When it comes to health insurance, there are some misconceptions about when you can and cannot purchase health insurance. If you are in the market for health insurance, The Insurance Shop USA, serving Sandpoint, ID, would love to help clear some of these misconceptions up. Here is some information you should know if you are looking to buy health insurance. 

Can You Buy Health Insurance Year Round? 

There is no one size fits all answer to this question. If you are buying private insurance, you can buy the insurance policy whenever you would like to. If you are buying insurance through your employer, you can only buy when you become eligible, when they have open enrollment periods, or if you have a qualifying life event. If you are buying through the health insurance marketplace, you can only purchase health insurance during open enrollment or if you have a qualifying life event.

What is a Qualifying Life Event?

There are a few different events that are considered qualifying life events that often allow you to change your policy or enroll in a policy outside of normal open enrollment periods. Some of these life events include getting married, moving to a new state or area where your old insurance doesn’t offer much protection, having a new baby or losing your job and/or current health insurance coverage. 

Can An Insurance Agent Help Me Obtain Health Insurance?

An insurance agent can help you obtain health insurance if you are buying private insurance or if you qualify for insurance coverage through the health insurance marketplace. They cannot help you with employer healthcare coverage. 

If you are in need of private health insurance or qualify to purchase health insurance from the health insurance marketplace, The Insurance Shop USA, serving the greater Sandpoint, ID area, can help. Call us today and let us help you get insured.