About three years ago a preacher lost his library: books, sermon notes, and classroom material. Afterwards it was valued around $53,000. It's replacement could have been easy had he done one thing.
Preacher's Personal Property is that one thing. On your policy there is a baseline limit in a church specific policy for $25,000. If you have a lifetime of material, it will be well over that amount per our example.
Depending on the value of the property changes the amount it cost to cover it. It's challenging to give a simple answer to a complex question. It does not drastically affect the premium when it comes time to pay.
Take a look at your policy and see what the current limits are for 'Preacher's Personal Property'. If you have question about how to find it, give us a call. We will show you where it is.