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Industry Specific Services Religious

"Nearly one full year after the date of loss, the Church was still trying to get their claim resolved with Church Mutual when they retained the services of Matrix Business Consulting. The board recognized that Church Mutual had their own adjuster and consultants who collectively tried to control the entire claim by dictating what work they thought needed to be performed and how much it should cost. The Church finally realized it was in their best interests to have their own claim consultant and when the claim was finally settled, the Church recovered hundreds of thousands of additional dollars that it was entitled to under its policy but needed the services of a company like Matrix Business Consulting to recover."
Joe McNulty
Lakewood Church of the Nazarene - Lakewood, CO

Your Situation

Situation 1
1
Your religious organization just suffered serious damage and you are wondering what to do next.
Situation 2
2
You call your insurance company and wait for an adjuster to come out hoping that they will have your best interests at heart.
Situation 3
3
You moved from the asset side of your insurance company's ledger to the liability side of their ledger.

How We Can Help

The More You Know, The Better The Results.

  • Settlement We will negotiate the best possible settlement.
  • Peace of Mind We can help you get back to your lives, family, and business sooner.
  • Administration We cover every part in preparing and settling your claim.
  • Team A team of experts on your side.

Religious
Factors To Consider

When filing a religious organization insurance claim, there are many factors that need to be taken into consideration. To help you navigate the process, we have put together several talking points for you to review. Having a full understanding of each of the below bullet points is crucial to documenting, filing, and successfully settling your insurance claim. If any of these questions give you pause, please feel free to reach out to us for a no-cost discussion about your claim.
  • Items of religious and/or historical significance. How are they dealt with?
  • Volunteers assisting with recovery. Compensable or not?
  • Frequently insurance companies use independent building and equipment consultants on large claims to prepare a bid. Who are these consultants? Who are they working for?
  • Is there coinsurance in your policy?
    • If there is, what does it mean?
    • If there is, did your insurance adjuster tell you? If not, why not?
    • How is coinsurance calculated on replacement cost? On actual cash value?
    • Properly managing coinsurance can prevent disaster. Not properly managing coinsurance can put you out of business!
  • Temporary locations? What happens at the end of your claim?
  • What are expediting expenses? How do they differ from extra expenses?
  • What is the difference between a schedule of values and a schedule of coverages?
  • If you have multiple polices, how is the claim adjusted?
  • Are you familiar with the forms/practices below and what their request/issuance is telescoping?
    • Request for a Proof of Loss.
    • Reservation of Rights letter.
    • Request for an Examination Under Oath.
    • A Subrogation Agreement.
    • A Salvage Agreement.
  • How is actual cash value determined? Why should you care?
  • How quickly can you get started rebuilding?
  • Replacing your building versus cashing out. What are the benefits? The pitfalls?
  • Can you collect code coverage allowances if you build elsewhere?
  • Will the insurance company pay for a construction manager?
  • Code Upgrade coverage is very important when rebuilding after a fire. How does your coverage address code coverage? Green building upgrades? If your coverage is limited, is there anything you can do about it?
  • Continuing services to the congregation or the communities serviced. Best practices to continue.
  • Declared disasters. FEMA rules and compensation?
  • Do they only work for insurance companies? Why this should be a red flag.
  • Replacing versus replacing equipment. Pros and cons.
  • How do the smoke and the water used to fight the fire affect your equipment? Your antiques? Artifacts? Computers and other electronics?
  • What are extra expenses? What can be included?
  • How is the deductible applied?
  • Does the insurance company pay for professionals necessary to evaluate your claim?
  • Is the insurance company using an independent building or equipment consultant to prepare a bid? Who are these consultants? Who are they working for? Do they only work for insurance companies?
  • Is it always beneficial for your building/property to be considered a “total loss?” If not, why not?
  • Replacing your building versus cashing out. What are the benefits? The pitfalls?
  • Do you have to replace on the same site? Can you buy or build elsewhere?
  • Asbestos and lead containing materials can have a major impact on your claim. Are you aware of how to properly address these in order to avoid future liability issues?
    • Hazardous materials such as asbestos and lead can be expensive to address.Hazardous materials such as asbestos and lead can be expensive to address.
    • You want to make sure your insurance carrier does not cut corners when addressing this issue.
  • Warranties and Protective Safeguard requirements. What do they mean? Can you still collect if you are not in full compliance?

Religious Client References

In addition to the 5,000 references on our list, here are some well-known names in the religious community we have helped.