How Do Coinsurance Penalties Affect My Texas Church Insurance?

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance for Texans delves into the often misunderstood concept of co-insurance and how it affects church insurance policies in Texas. Using the example of Steve, a church leader in San Antonio, Ron explains the potential financial risks of under-insuring a church property. He discusses how rising construction costs and inadequate coverage can lead to significant financial gaps during a loss. Ron emphasizes the need for church leaders to understand co-insurance, review policies regularly, and work with experienced church insurance specialists to ensure proper coverage. Work with our church insurance agents by going to 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 Understanding Co-Insurance: Steve's Story 01:22 The Importance of Proper Coverage 02:54 Realizing the Risks of Underinsurance 04:09 Planning Ahead with Co-Insurance 04:23 How Insurance for Texans Can Help 04:50 Final Thoughts and Resources