Sacred Places Winter 2013 | Page 20

BUILDING MAINTENANCE FEATURE (continued) Most religious institutions are unaware of what is and is not covered by their policies. Because of this, it is common for a religious institution to pay hundreds of thousands of dollars to make repairs that should have been covered by its insurance. Many institutions that do file insurance claims receive considerably less than they are entitled to or, even worse, are denied payment for legitimate claims. To prevent negative outcomes, it is important, if you have any damages, to consult an expert such as a Public Adjuster, who will work as an advocate for your congregation from start to finish, interpreting policy coverage and striving to obtain the maximum payment a congregation is entitled to under its insurance policy. The Public Adjuster will also ensure that the necessary claim work is done properly in order to prevent insurance companies from cutting corners. The Recovery Process Immediately after any damages occur, your policy mandates that you do two things. First, it is important that you mitigate any damages that could cause the initial damage to become worse. Next, you must promptly notify your insurance company of all damages. When reporting a loss, do not try to be overly descriptive because the wrong use of words could result in an immediate denial. If you do choose to use a Public Adjuster, it is best to let them handle reporting the claim. You will need to find the correct experts (who can be found through your Adjuster) to review and evaluate the full extent of the damage. Work with them to develop detailed reports of and estimates for the necessary repairs. The insurance company will send its own claims adjuster to the site to compare assessments in order to negotiate a maximum settlement. Always negotiate with the insurance company’s adjuster for the best settlement possible. This will allow your congregation to perform the necessary repairs to return your religious institution to its pre-loss condition. d Religious organizations have unique insurance needs, and while most carry property insurance, many are not adequately insured and most do not know how to put their insurance policy to proper use. Congregations need to ensure that unique features, such as a slate roof, can be restored if damaged. Photo: Gregory Bogart. 19 • Sacred Places • www.sacredplaces.org • Winter 2013