Standing Committee is responsible for insuring all property occupied by a parish (see Standing Resolution VI). The insurance scheme is run on a cooperative basis; by purchasing together at the Diocese level economies of scale can be realised.
The broker used by the Diocese is the Anglican Insurance Board (AIB). The AIB ensures that competitive premiums are secured and processes all claims. It also keeps a claims history of the Diocese. Any claims should be made through the Diocesan office to the AIB.
Risk management is vitally important in preventing or minimising accidents and insurance claims, and therefore reducing premiums. Fire, accident, thefts, malicious damage, and so on can all be minimised if careful attention is paid to risk management.
Summary of Coverage
The Diocese has comprehensive information available on the current insurance cover should it be required by a parish. The following may be of help.
Buildings are insured for full replacement values although there are some exceptions. In the case of dwellings, these are insured for replacement. This is based on floor area.
Parishes may wish to explore a change from replacement cover to functional cover. In these instances, Standing Committee will require information from the parish in order to make a decision. Details of the information required are available from the Diocesan Office.
The Diocesan cover for contents amounts to over $8,000,000. Each location enjoys full replacement value and averages do not apply. Contents insurance covers such things as pews, carpets, organs, and sound and amplification equipment and so on.
Excesses are important considerations. These include earthquake damage to churches and church halls which is covered by insurance companies while earthquake damage to vicarages and other residential buildings is covered by the EQC up to the first $100,000 for buildings and $20,000 for contents.
Insurance premiums include government levies and Fire Service charges and fees.
Other insurances held by the Diocese include public liability (a copy of this certificate is available here), motor vehicle, marine cargo (includes household goods in transit) as well as general fire protection.