Memo from Church Insurance about deductibles:

October 1, 2004

Several parishes in the diocese suffered damage from both Hurricane Frances and Hurricane Jeanne.

While the standard industry approach in these situations is to apply a separate deductible every time there is a new claim event, Church Insurance will be operating as follows:

1. A hurricane deductible applies to a specific building that has been damaged by a hurricane.
2. If the same building is damaged by 2 or more hurricanes we will apply only one deductible.
3. However, if a second building that was not previously damaged suffers a loss from a second hurricane, then one deductible will apply to that building as well.

I hope that this is clear. Our adjustors are using this approach and will be communicating it to affected clients.