Terrorism insurance? Many churches aren’t resting on faith alone
`To James Valverde , a risk management expert at the Insurance Information Institute in New York City , the religious xenophobia of Islamic terrorists is reason to worry.
“Given the religious fervor and underlying ideology in which this jihad is being pursued, it’s not completely out of the realm of possibility to assume that Christian churches would be on the receiving end of terrorist attacks,” he said. “It hasn’t occurred yet, but that’s not to say it couldn’t happen.”
However, that is not why insurance companies are offering churches terrorism insurance.
Reacting to Sept. 11, Congress passed the Terrorism Risk Insurance Extension Act in 2002. It required all property and casualty insurance companies to offer terrorism insurance to all clients. Clients are not obligated to buy the coverage.’
