Will additional church insurance benefits increase congregations across the country?
That’s my question, after reading the Insurance Journal’s article about insurers like GuideOne, who provide parishioners in 19 states with added insurance benefits.
FaithGuard, the company’s year-old home and auto insurance product, is gaining popularity, with new policies being purchased at a rate of more than 160 per day. So what kind of added benefits are policyholders earning with FaithGuard?
According to IJ, the insurance company, which insures over 43,000 churches nationwide, waives the deductible if your car is involved in an accident while driving to or from a scheduled worship or other religious activity. In addition, medical payments are doubled if you’re involved in an accident while driving non-family members directly to or from a scheduled religious activity.
The benefits go on, including a five percent discount to non-smokers (which is pretty standard of most insurance companies) and mortgage payments are made up to $7,500 if you become disabled because of an accident in your home.
Perhaps it’s the cynic in me for even asking this, but are there any provisions in place to keep people from taking advantage of these added church insurance benefits? With all the take, take, take going on anymore, I have to wonder if folks would return to church to see what they can get out of it–and not from a spiritual standpoint.
Despite my skepticism of others, however, I think products like FaithGuard can be a very viable insurance option for some Americans. Just make sure to compare the premium prices and benefits of products like FaithGuard to other policies in your area.
And, I’d be remiss if I didn’t point out the handy quote box on the top right-hand side of the page. So, you know…if you feel like comparing some quotes, feel free to fill it out. If not, that’s cool too. We’re just happy you’re visiting our blog. Really. [End unabashed InsureMe plug.]
[related post]: Will Life Insurers Give Discounts to Churchgoers?