The Percentage Deductible
In addition to the easily managed and understood “flat” deductible, virtually ALL church property policies written in Florida have a second type of deductible called a “percentage” deductible. Many church decision makers are unaware of when and how this deductible works leaving them unprepared for the large out-of-pocket costs associated with it following a loss.
In this video, I explain how to determine the type of percentage deductible you have on your church policy and how to calculate the real dollar impact you could face following a loss. I also point out possible steps your church can take to fill the coverage gap created by a percentage deductible.