ARM began in 1936 with the goal of protecting denominational property. Property insurance pays the insured for loss or damage to physical property, e.g. buildings, contents, equipment and inventories as scheduled on the insurance policy. The policy contains exclusions and limitations, as well as a deductible, which is the amount the insured incurs before insurance can pay.
You have a duty to protect your property. If you have a situation where the damage from a loss may cause additional risk or damage, it is important to mitigate the loss. For example, this may mean turning off the water in the case of broken pipes and calling a cleanup company. Do not hesitate to take care of your property – the repairs are required whether you have insurance coverage or not. Waiting will only make the issue worse and cost more in the long term.
For more information about your specific coverage, please contact your conference treasury department.
 DEDUCTIBLE - Amount of loss that the insured incurs before the insurance can pay.
 MITIGATE - To make less severe or serious, often with professional help.