What Can a Risk Purchasing Group Do For My Church's Property Insurance?

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley discusses the challenges Texas churches face with rising property insurance premiums and introduces the concept of a Risk Purchasing Group (RPG) as a potential solution. Ron explains how RPGs allow churches to pool their buying power to access better insurance pricing and coverage. A case study of a Fort Worth church illustrates the benefits of RPGs, such as accessing A-rated carriers and customized policies, leading to significant savings and stable premiums. While noting that RPGs are typically best for larger churches, Ron encourages church leaders to seek personalized insurance reviews to determine if this option suits their ministry's needs. You can have our church team review your policy by going to insurancefortexans.com For more in depth information about Church insurance, get a copy of our book, The Promise of Certainty at thepromiseofcertainty.com 00:00 Introduction to Faith Stewardship and Insurance 00:28 The Challenge of Rising Insurance Premiums 01:20 Understanding Risk Purchasing Groups (RPGs) 02:11 Case Study: Fort Worth Church 02:28 Benefits of Joining an RPG 03:12 Is an RPG Right for Your Church? 03:50 How Insurance for Texans Can Help 04:27 Conclusion and Next Steps