top of page

Prepare for 2024: Is Your Insurance Coverage Up to Date?

Updated: Oct 22, 2023

As the year 2024 fast approaches, have you taken the time to review your church's insurance coverage? This critical step can ensure that your ministry is adequately protected while potentially saving you money. Here's why you should consider reviewing your insurance now:

1. Avoid Last-Minute Stress

If your insurance is set to renew on January 1st, it's essential to consider the hustle and bustle of the upcoming holiday season. To sidestep last-minute stress, it's advisable to start the review process now, giving you ample time to thoroughly assess your coverage and explore cost-effective options. Additionally, you may need to coordinate with other church leaders to discuss coverage adjustments, so factoring in your schedule and the ministry's timeline is crucial.

2. Immediate Cost Savings

While you can technically review your insurance coverage at any time during the year, why wait to discover potential savings? By examining your coverage now, you can identify opportunities to reduce costs for your church immediately.

3. Ensure Appropriate Protection for Your Ministry

Sometimes, the insurance your church currently holds might not provide sufficient protection for your people and property. This is the perfect opportunity to assess your existing policy, identifying areas where coverage may be lacking. You can also explore the possibility of securing superior coverage solutions at more favorable rates.

4. Switching from Multi-Year Policies

If your church is locked into a multi-year, 'guaranteed premium' policy, it's important to note that you can still make changes. While such policies promise stability by preventing price increases for a specific period, they may also prevent your rates from decreasing in response to industry trends. Fortunately, it's possible to switch your coverage even when locked into a multi-year policy.

With the end of the year rapidly approaching, now is the perfect time to evaluate whether your church is making the most of its insurance coverage.

At UMIP, we understand the unique needs of United Methodist churches and their operations. Our coverage options are tailored to meet these specific requirements, ensuring that your ministry receives outstanding insurance protection for your people, property, and finances.

Don't hesitate to get in touch with us at 484-654-3380 or via email at Alternatively, you can click here to request a quote online. As your trusted partner, UMIP is here to support your church's insurance needs throughout the year, ensuring you're prepared for whatever 2024 may bring.


This content has been prepared by United Methodist Insurance Company (UMI) for informational purposes only. No article or document may accurately contemplate all possible scenarios or church resources. As such, this information is meant to foster discussion by the individual church and its members to develop a plan tailored to its own circumstances. UMI is providing this information with no warranties or guarantees of any kind and it should not be viewed as legal, financial, or other professional advice. All liability is expressly disclaimed. Any claim examples described herein are general in nature, may or may not be based on actual claims, and are for informational purposes only. Any coverage available for a claim is determined from the facts and circumstances of the claim as well as the terms and conditions of any applicable policy, including any exclusions or deductibles. In the event of a conflict with the content herein, the terms and conditions of any issued policy will control. Individual coverage may vary and may not be available in all states.

The commercial insurance coverages for United Methodist Insurance are sold and serviced directly or indirectly by Sovereign Insurance Agency (CA Lic. No. 0B01380) ("Sovereign") and underwritten by various available insurance markets. Sovereign pays United Methodist Insurance a royalty for the use of its intellectual property.


bottom of page