The Property coverage of the IB program provides “all risk” protection for perils such as fire, lightning, windstorm, rainstorm, explosion, collapse, smoke and theft. The IB program has a blanket limit to cover the building and its contents. Two benefits of the IB program are: there is no coinsurance penalty, and there is unintentional underinsurance coverage up to 25%. Within the Property coverage you can choose your deductible between $1,000 and $50,000 which allows you the opportunity to manage your insurance policy to suit your congregation’s needs.

The IB program has a broad range of Property coverage including optional earthquake and flood coverage for the churches that need it.

Property Coverage Includes *:
•    Buildings (replacement cost up to policy limits): Church, Parsonages, School, etc.
•    Contents: Contents including Pews, Furniture, Fixtures, Ceremonial Objects, etc.
•    Boiler & Machinery Equipment
•    Computers, Software, Disks, Office Equipment, Supplies, etc.
•    Business Personal Effects of Clergy, Officers and Others
•    Stained Glass, Organs, Pianos, and Musical Equipment
•    Valuable Documents and Records
•    Business Income and Accounts Receivable
•    Newly Acquired Property and Property in Transit
•    Ground Improvements: Fences, Signs, Trees, Shrubs, and Plants
•    Owned Watercraft
•    Debris Removal and Pollutant Clean-up

* Subject to coverage terms and policy limits.

Special Features of the IB Program:
•    Upgrade to Green Endorsement
•    Ordinance Protection (Demolition & Increased Cost of Construction)
•    Boiler & Machinery coverage automatically included

Optional Coverage for IB Participants:
•    Earthquake
•    Flood
•    Fine Arts
•    Miscellaneous Articles & Equipment
•    Alternate Deductibles
•    Loss of Tuition & Fees