Church Insurance Winter Haven Florida

Church Insurance Winter Haven Florida – Contact The Church Insurance Experts!

Church Insurance Winter Haven FloridaWhen it comes to great rates and coverage on insurance for religious institutions, reach out to Strong Tower Insurance.

We specialize in providing insurance for churches and religious institutions, and that’s why when you are searching for Church Insurance in Winter Haven Florida you should turn to Strong Tower Insurance.

You can reach us by phone toll free at 1-800-329-0093, or click one of the links below to access our simple online quote request submission form at all hours of the day:

Church Insurance Winter Haven Florida — Is This Covered by My Insurance? Part 4

In the first few parts of Is This Covered by My Insurance we met XYZ Ministries, a popular New Age Christian congregation with thousands of members.

XYZ became the victims of a Russian hacker named Crypto X, who managed to steal scads of confidential information and $350,000 in church funds alone, not counting money stolen from members.

By the time XYZ Ministries found out about the theft the damage had already been done. Their only recourse was to seek reimbursement.

Upon finding that the bank could not help them, the ministry turned to their insurance company, hoping their situation would be covered by their business insurance policy.

The insurance agent explained that what the hacker had done is called Computer Fraud.

So, is Computer Fraud covered by XYZ Ministries’ standard business insurance policy?

Unfortunately, the answer is no.

The agent explains that a standard business policy does not provide coverage for Electronic Theft, Social Engineering Fraud, Telecommunications Fraud, or Computer Fraud. To receive coverage for these types of events, a special endorsement is required.

Church Insurance Winter Haven Florida — An Important Endorsement!

A specific Crime Endorsement can be obtained that will cover losses sustained due to Electronic Theft, Computer Fraud, and Telecommunications Fraud. An endorsement is also available to add coverage for Social Engineering Fraud.

In one policy, the endorsement reads as follows:

INSURING MODULE 9: (ELECTRONIC THEFT, COMPUTER FRAUD AND TELECOMMUNICATIONS FRAUD) We shall indemnify you for your monetary loss that exceeds your deductible as stated within item 4 of the Declarations sustained from electronic theft , computer fraud, or telecommunications fraud, which occurs on your computer network and arises from a security event sustained by you and notified by you to us in writing, in accordance with Section XI of this policy, during the policy period or any extended reporting period, if applicable, provided that such event(s) occurred on or after the retroactive date.

Because XYZ Ministries decided not to purchase this endorsement when they set up their business insurance policy, they are unfortunately not covered for the catastrophic loss they suffered at the hands of Crypto X.

However the financial loss does not end with what was stolen from XYZ Ministries’ business accounts. Their financial loss will deepen, which we will consider in our next article.

Church Insurance Winter Haven Florida — Request a Free Quote 24/7!

Remember, you can request a free quote on Winter Haven Florida Church Insurance at any time day or night via our website. Click on Florida Church Insurance Quotes to access our user-friendly submission form and an agent will get back to you very soon.

Do you prefer a good old-fashioned phone call? Then give us a ring at 1-800-329-0093 Monday through Friday before 4:30 PM and an agent will be happy to speak with you.

Need a quote for a different location? No problem! Just click one of the links below:

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Religious Institutions

Insurance for Churches and Religious Institutions

Strong Tower Insurance proudly offers comprehensive solutions for Florida Church Insurance and Insurance for Religious Institutions. Call 800-329-0093 or click for more details.

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Insurance Coverage for Mission Trips

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Charter & Private Schools

Insurance for Charter and Private Schools

Taking a one-size-fits-all approach is not necessarily a good idea when it comes to considering all possible areas where Private Schools may be vulnerable to litigation or claims. Click here to see how we can help.

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Pregnancy Centers

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Nonprofit Organizations

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Nonprofit organizations help our communities prosper and it is vital to obtain the appropriate insurance protection. Learn more by clicking our link.

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Daycare Centers

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