In this episode of Faith Stewardship and Insurance, host Ron Wadley of Insurance for Texans explains the significance of loss runs in the context of church insurance. He highlights the struggles faced by Texas churches due to rising property insurance costs and the mid-process requests for loss runs by insurance agents. Wadley defines loss runs as records of a church's insurance claims history, which are important for obtaining accurate insurance quotes. He outlines the importance of requesting and reviewing these reports to ensure accuracy, as they impact coverage options and premium rates.

Connect with our church insurance team at insurancefortexans.com

Get a copy of our book, The Promise of Certainty, at thepromiseofcertainty.com

00:00 Introduction to Faith Stewardship and Insurance

00:27 The Challenge of Rising Insurance Costs

01:36 Understanding Loss Runs

03:19 How to Obtain and Review Loss Runs

03:43 The Importance of Accurate Loss Runs

04:27 Leveraging Loss Runs for Better Coverage

04:57 Final Thoughts and Resources

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance for Texans discusses the critical differences between actual cash value (ACV) and replacement cost insurance for churches. Using a real-life example from a church in Abilene, Ron explains how lack of understanding of ACV can lead to unexpected financial shortfalls after a disaster. He emphasizes the importance of knowing what type of coverage your church policy includes before a claim occurs and underscores the value of working with a church insurance specialist. Ron also touches on the increasing difficulty of obtaining replacement cost coverage and the need for strategic planning in church insurance.

Allow our church insurance agents to help you with your church’s insurance. Go to our website at insurancefortexans.com

If you would like an overview of church insurance, read our book, The Promise of Certainty. Get your copy at thepromiseofcertainty.com

00:00 Introduction to Faith Stewardship and Insurance

00:25 Understanding Actual Cash Value vs. Replacement Cost

00:38 Real-Life Example: Mark's Church Roof Claim

01:19 Breaking Down Replacement Cost Coverage

01:48 The Reality of Actual Cash Value Policies

02:15 The Shift in Texas Church Insurance Policies

02:31 Is Replacement Cost Always Better?

02:58 Challenges in Obtaining Replacement Cost Coverage

03:53 Making Informed Insurance Decisions

04:28 The Importance of Working with a Specialist

05:02 Conclusion and Final Thoughts

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance for Texans addresses the top complaints church leaders have about their insurance. The discussion covers issues like rising premiums, inadequate coverage fit for modern church operations, frustrations with the claims process, discovering exclusions and limits after filing claims, and the lack of real support from insurance agents who don’t specialize in church insurance. Ron emphasizes the importance of having an advisory-focused insurance partner like Insurance for Texans.

Connect with our church insurance team at insurancefortexans.com

Get a better understanding of church insurance by reading our book, The Promise of Certainty. Get your copy at thepromiseofcertainty.com

00:00 Introduction to Faith Stewardship and Insurance

00:27 Top Complaints from Church Leaders

00:57 Rising Premiums and Broader Forces

01:33 Coverage Mismatches with Church Operations

02:13 Challenges in the Claims Process

02:51 Exclusions and Limits Discovered Too Late

03:21 Lack of Real Support for Churches

03:56 Solutions and Final Thoughts

04:11 Conclusion and Resources

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley of Insurance for Texans discusses an important but often confusing topic for church leaders: the difference between admitted and non-admitted insurance carriers in Texas. Using the case of Charles, a church leader from Frisco, Ron explains that admitted insurance carriers are regulated by the Texas Department of Insurance and come with state-backed guaranty fund protection. On the other hand, non-admitted carriers offer more flexibility and may be better suited for older buildings or high-risk weather areas. The key takeaway is that financial strength and suitability to specific church needs matter more than the regulatory label. Ron advises church leaders to seek expert guidance to make informed decisions and to focus on protecting what truly matters to their church.

Contact our church insurance team at insurancefortexans.com

Find out more about church insurance in Texas by reading our book, The Promise of Certainty. Get your copy at thepromiseofcertainty.com

00:00 Introduction to Faith Stewardship and Insurance

00:33 Meet Charles: A Case Study

01:14 Understanding Admitted Insurance

02:08 Exploring Non-Admitted Insurance

03:42 Making the Right Choice for Your Church

04:43 Guidance and Resources

05:25 Conclusion and Final Thoughts

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance for Texans discusses the critical aspects of church insurance for pastors and church leaders in Texas. He introduces Sylvia, a newcomer to her church’s finance committee in Waco, who faced several questions about the church's insurance needs. The episode explores the essential types of coverage required. Ron examines the factors that affect insurance costs and highlights the importance of selecting the right insurance provider knowledgeable about Texas-specific risks.

Connect with our church insurance team at insurancefortexans.com

Get an overview of church insurance by reading our book, The Promise of Certainty. Get your copy at thepromiseofcertainty.com

00:00 Introduction to Faith Stewardship and Insurance

00:36 Meet Sylvia: A Church Finance Committee Member

01:31 Understanding Church Insurance Needs

03:06 The Cost of Church Insurance in Texas

04:11 Choosing the Right Insurance Provider

04:58 Conclusion and Next Steps

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance for Texans addresses the concern of rising property insurance premiums faced by churches in Texas. Using Pastor Ben from Lubbock as an example, he explains why premiums continue to climb. Ron discusses the impact of increasing extreme weather events and the concept of a shared risk pool. He also explains the importance of a proactive and comprehensive insurance plan over simply seeking cheaper policies.

Find out how True Texas Church Insurance works by connecting with our church insurance team at insurancefortexans.com

And for a fuller understanding of church insurance, get a copy of our book, The Promise of Certainty at thepromiseofcertainty.com

00:00 Introduction to Faith Stewardship and Insurance

00:35 Pastor Ben's Insurance Dilemma

01:41 Understanding the Weather Tax

02:27 The Impact of Frequent Storms

03:06 Rising Costs of Rebuilding

04:01 The Need for a Better Insurance Plan

04:32 Conclusion and Next Steps

In this episode of Faith Stewardship and Insurance, host Ron Wadley from Insurance for Texans, explores the critical issue of securing appropriate insurance coverage for churches, particularly when facing non-renewal notices. The episode highlights the experiences of Gene, an administrative pastor from Waco, who struggled with finding new insurance coverage after his church's policy was not renewed. It delves into the reasons behind the changing insurance landscape, and the importance of having a specialized church insurance agent.

Connect with our church insurance team at insurancefortexans.com

Get a copy of our book, The Promise of Certainty, at thepromiseofcertainty.com

00:00 Introduction to Faith Stewardship and Insurance

00:27 Urgency in Church Insurance Renewal

00:41 Gene's Story: Navigating Insurance Challenges

01:48 Understanding the Changing Insurance Landscape

02:50 Strategies for Securing Church Insurance

04:26 Final Thoughts and Resources

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley addresses a pressing issue for many Texas churches. Why are insurance companies dropping church policies? Ron explains the reasons behind the non-renewal notices, including severe weather events, population growth, increased construction costs, and spikes in reinsurance prices. He emphasizes the importance of maintaining continuous coverage to safeguard church missions and offers practical advice for church leaders facing insurance challenges.

Connect with our church insurance team at insurancefortexans.com

Get a copy of book, The Promise of Certainty, at thepromiseofcertainty.com

00:00 Introduction to Faith Stewardship and Insurance

00:34 The Rising Issue: Insurance Companies Dropping Churches

01:32 Understanding the Causes Behind Non-Renewals

03:18 The Importance of Continuous Coverage

03:48 Solutions and Guidance for Church Leaders

04:22 Final Thoughts and Resources

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley discusses the frustrations many Texas church leaders face with insurance policies. Using a real-life example of Marvin from Waco, Ron outlines how rising premiums, slow claims processes, and hidden policy exclusions can make insurance feel like a scam. He emphasizes the importance of having a clear understanding of insurance policies, the impact of high deductibles, and the need for better advocacy and tailored coverage.

Connect with our church insurance team at insurancefortexans.com

Get a copy of our book at thepromiseofcertainty.com

00:00 Introduction to Faith Stewardship and Insurance

00:36 Marvin's Story: A Real-Life Insurance Dilemma

01:34 Why Insurance Feels Like a Scam

02:36 The Importance of Understanding Coverage

03:30 High Deductibles and Their Impact

04:35 The True Texas Church Insurance Program

04:50 How to Get Help and Further Resources

05:21 Conclusion: Safeguarding Your Mission

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance for Texans discusses the critical issue of insurance non-renewals affecting churches in Texas. He describes the example of Lane's church in Amarillo, which experienced a sudden non-renewal notice despite having no scandals or accusations. Ron explains how factors like severe weather, inflation, and rising reinsurance costs are driving these non-renewals. He emphasizes the importance of taking calm, informed actions and working with a Texas-based church insurance specialist to effectively navigate these challenges. The episode also highlights the importance of regularly reviewing and updating church insurance policies to ensure they align with current risks.

Connect with our church insurance team at insurancefortexans.com

Get a copy of our book, The Promise of Certainty, at thepromiseofcertainty.com

00:00 Introduction to Faith Stewardship and Insurance

00:28 The Issue of Non-Renewals in Church Insurance

01:20 Understanding the Texas Church Insurance Market

02:18 The Importance of Proactive Insurance Management

03:02 Specialized Church Insurance Solutions

03:56 How to Respond to Non-Renewal Notices

04:16 Resources for Church Leaders

04:36 Conclusion and Final Thoughts