Now that 2018 is approaching, it may be time to consider reviewing your church insurance program. Most people don’t take time to review exposures, options, or their current economic condition before making their insurance purchase. We want to help you, so we prepared these ten insurance buying tips for 2018.

1. Use an independent agent – Independent agents can access many different insurance companies and select the one that offers the best combination of coverage, services and pricing.
2. Don’t buy insurance through the internet – Call  us and let us provide outstanding service along with competitive pricing.
3. Review your auto limits – If you have limits of less than $100,000, that won’t even cover the medical bills in a serious accident. The minimum liability coverage that anyone with any assets or income to protect should be carrying is $500,000 to $1 million or more.
4. Maintain a an inventory of equipment– Having an accurate account of your property can provide for greater recovery in the event of a loss.
5. Bundle your insurance – Combine your auto, home and umbrella policies with one insurer to receive greater discounts.
6. Set the right deductible – A higher deductible reduces your premium, but you have to pay more out of pocket in the event of an accident. If you have a good driving record and haven’t had an accident, you may want to gamble and opt for a higher premium. The reward for this risk could be up to a 40% savings.
7. Consider D & O Insurance – Directors & Officers claimns is one of the fastest growing areas in the U.S.
8. Buy from a financially strong company – Your insurance is only as good as the company who stands behind the policy. The insurance company should have an “A+” rating or higher.
9. Be prepared to make adjustments as your lifestyle and needs change.

Call us today and let us help protect what is important to you. Christian Ministries Insurance was created specifically to serve Christian churches, schools and other related ministries. Our mission is simple; provide comprehensive insurance products at competitive prices while building a solid relationship with our clients. We do this through our day to day service, scheduled meetings, quality risk management advice, training and prayer for you and your staff. We are a faith based business, dedicated to help your ministry fulfill God’s vision. All CMI staff are actively involved in their local church. We have more than 50 years experience in providing services to churches and related ministries. Our team has helped clients overcome complex insurance and risk management challenges that include: casualty, property, executive liability, human capital, crisis management and claims consulting.

This entry was posted on October 21, 2017 at 6:47 pm. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Posted in Uncategorized by Scott Stuart Comments Off on 10 Insurance Buying Tips