Is your church building underinsured?

ByDave Hall

Is your church building underinsured?

As many as 80 percent of non-household buildings in the UK are underinsured – many of them churches, according to CRE Midlands exhibitor Access Insurance

‘Some people believe that, because the building will never be totally destroyed, it is not worth insuring for the full amount,’ said James Hill of Access. ‘They assume they only need recompense for the damage done but that is rarely the case. Many insurance policies have an “average” clause, designed to ensure the buildings are insured for their full value. Such a policy means that if you insure only 50 percent of the value of the building you will only receive 50 percent of any claim, regardless of its size.’

Access will introduce church leaders to their online valuation service at CRE Midlands – a safe haven for many churches and charities anxious not to face potential damage without proper cover.

‘We also find the insurance value of many church properties remains unchanged for years –with the value of the building rising considerably above the insurance figure,’ said James. ‘This would prove disastrous in the case of severe damage. If you think you may face problems like these come and talk to us.’

• Access Insurance are on stand F15 at CRE Midlands 2020

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