"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."
Lakewood Church of the Nazarene - Lakewood, CO
Your religious organization just suffered serious damage and you are wondering what to do next.
You call your insurance company and wait for an adjuster to come out hoping that they will have your best interests at heart.
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.
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?