Faith, Stewardship, & Insurance: Protecting Texas Churches

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...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance For Texans introduces a new series. This week he is answering the questions that churches may be too afraid to ask about their insurance. In this episode, Ron discusses whether Texas churches are legally required to have insurance. He highlights the real-life consequences a small church ou...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley discusses how churches can manage rising insurance deductibles through deductible buy downs. The episode features the story of Charles, a finance leader who learned the hard way about the high costs of property insurance deductibles after a hailstorm damaged his church's roof. Wadley explains how deducti...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance for Texans addresses a confusing aspect of church insurance which is the deductible. The discussion centers around a real-life scenario involving Benjamin, a finance committee member from a church in McKinney. He discovered their wind and hail deductible was 5% of the building value which...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance for Texans discusses the often-overlooked insurance needs of church associations. He shares insights from a local Baptist association's experience, highlighting the importance of having separate commercial property and liability coverage for association-owned properties like offices and ca...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley discusses the significance of bonding church treasurers to safeguard church finances. Through a conversation between two pastors about rising church costs, the topic of surety bonds is discussed. These bonds protect churches from financial mismanagement or theft, reinforcing trust and transparency in chu...

This episode of Faith Stewardship and Insurance: Protecting Texas Churches hosted by Ron Wadley explores the rising costs of church insurance in Texas. Highlighted by the story of Leslie, a CPA and finance committee leader, it details the multiple factors causing premium increases, such as higher rebuilding costs, hail damage, and increased liability risks. Ron emphasizes the importance of tailore...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance For Texans discusses the rising insurance premiums for churches due to increasing weather-related claims and escalating liability costs. Through the story of William, a senior administrator at a church near San Antonio, the episode highlights the complexities and financial challenges churc...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance for Texans addresses a common query from church leaders. Can you use two insurance companies, one for property and one for liability? Focusing on a specific case from a church in Abilene, Wadley explains how splitting coverage between two carriers allowed the church to secure robust liabil...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley discusses the recent difficulties Texas churches face in securing insurance. Due to an increase in hailstorms and underpriced risk, many churches have received non-renewal notices and faced rising premiums. Wadley explains the importance of not just securing insurance for lending purposes but ensuring co...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley discusses the difficulties many Texas churches face in obtaining proper insurance coverage. Using the case of a small church in East Texas, he highlights the perils of working with agents who don't specialize in church insurance and the errors that can arise from misunderstandings and misrepresentations....

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley of Insurance for Texans explains the complexities and evolving landscape of church insurance in Texas. He shares Lucy's experience from a church in Tyler, highlighting the request for detailed information is due to changing market conditions. Ron elaborates on the importance of providing comprehensive de...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley discusses the potential issues that arise when church leaders work with multiple insurance agents. Drawing from a real scenario involving a church in Amarillo, the episode highlights how contacting multiple agents for insurance quotes can lead to confusion, inconsistent information, and ultimately higher...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance for Texans addresses the urgent challenges Texas churches face with their insurance policies. He explains how rising premiums, non-renewal notices, and shrinking coverage options are leading pastors and church leaders to seek help from inexperienced agents, which could leave critical cover...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley discusses the importance of selecting the right church insurance policy. Through the story of Grace Fellowship's struggle after a devastating hailstorm, he illustrates the pitfalls of choosing insurance based solely on price. Wadley emphasizes the need to work with a specialized insurance agent who under...

In this episode of Faith Stewardship and Insurance, host Ron Wadley of Insurance for Texans explains the significance of loss runs in the context of church insurance. He highlights the struggles faced by Texas churches due to rising property insurance costs and the mid-process requests for loss runs by insurance agents. Wadley defines loss runs as records of a church's insurance claims history, wh...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance for Texans discusses the critical differences between actual cash value (ACV) and replacement cost insurance for churches. Using a real-life example from a church in Abilene, Ron explains how lack of understanding of ACV can lead to unexpected financial shortfalls after a disaster. He emph...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance for Texans addresses the top complaints church leaders have about their insurance. The discussion covers issues like rising premiums, inadequate coverage fit for modern church operations, frustrations with the claims process, discovering exclusions and limits after filing claims, and the l...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley of Insurance for Texans discusses an important but often confusing topic for church leaders: the difference between admitted and non-admitted insurance carriers in Texas. Using the case of Charles, a church leader from Frisco, Ron explains that admitted insurance carriers are regulated by the Texas Depar...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance for Texans discusses the critical aspects of church insurance for pastors and church leaders in Texas. He introduces Sylvia, a newcomer to her church’s finance committee in Waco, who faced several questions about the church's insurance needs. The episode explores the essential types of cov...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance for Texans addresses the concern of rising property insurance premiums faced by churches in Texas. Using Pastor Ben from Lubbock as an example, he explains why premiums continue to climb. Ron discusses the impact of increasing extreme weather events and the concept of a shared risk pool. H...

In this episode of Faith Stewardship and Insurance, host Ron Wadley from Insurance for Texans, explores the critical issue of securing appropriate insurance coverage for churches, particularly when facing non-renewal notices. The episode highlights the experiences of Gene, an administrative pastor from Waco, who struggled with finding new insurance coverage after his church's policy was not renewe...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley addresses a pressing issue for many Texas churches. Why are insurance companies dropping church policies? Ron explains the reasons behind the non-renewal notices, including severe weather events, population growth, increased construction costs, and spikes in reinsurance prices. He emphasizes the importan...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley discusses the frustrations many Texas church leaders face with insurance policies. Using a real-life example of Marvin from Waco, Ron outlines how rising premiums, slow claims processes, and hidden policy exclusions can make insurance feel like a scam. He emphasizes the importance of having a clear under...

In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley from Insurance for Texans discusses the critical issue of insurance non-renewals affecting churches in Texas. He describes the example of Lane's church in Amarillo, which experienced a sudden non-renewal notice despite having no scandals or accusations. Ron explains how factors like severe weather, infla...