Council of Bishops Gather Leaders to Envision UMC's Future
This October, the United Methodist Council of Bishops will host leaders from the episcopal areas around the world in Calgary, Canada, for "Emboldened by the Spirit: Im…
Posted: December 2 2019 at 12:00 AM
- All churches enrolled in the NICUMC insurance program prior to January 1, 2019, will be assessed a 5% increase in total premium.
- Replacement Value Appraisal ~ Replacement Value Appraisals performed in 2018, resulting in increased property valuation will be assessed an additional 3% on the “Property” line of coverage only. Note, the Commercial Building Valuation Report indicating the replacement valuation was mailed to the attention of the church Pastor in October 2019.
- Property Loss Assessment ~ 2019 Property claims resulting in payment and/or anticipated payment in excess of $2,500, an additional 3% will be assessed on “Property” line of coverage. Note, should a Replacement Value Appraisal of 3% be assessed, the Property loss assessment is waived.
- Workers’ Compensation/General Liability/Auto Loss Assessment ~ 2019 Workers’ Compensation/General Liability/Auto claims resulting in payment and/or anticipated payment in excess of $2,500, an additional 3% will be assessed on the respective line of coverage. Note, should a Replacement Value Appraisal of 3% be assessed, the Workers’ Compensation/General Liability/Auto loss assessment is waived.
- Newly Enrolled Churches ~ Churches that enrolled in the NICUMC insurance program in 2019, the insurance premiums remain flat for the 2020 policy year. However, should a loss occurred (e.g. Property, Workers’ Compensation, General Liability, Auto), resulting in payment in excess of $2,500, the 3% assessment is applied as stated above.