Main Story
Is your place of worship
insured?
By Fr Daniel Mkado
T
he potential for loss or liability can be huge for these
instance, if you look at a cathedral that was built more than half
sacred buildings in case of arson, theft or vandalism.
a century ago, many times the records are not documented;
Estimates from the insurance industry show that less
than three percent of Kenyans have some form of insurance,
be it for health, life covers or for protection against damage of
property.
For the past ten years, Pacis Insurance Company Ltd – a
Catholic Church owned insurance company - has been
providing catholic organizations with products tailor-made
for church institutions; these include right insurance covers,
offering valuable advice and giving tips on risk management.
“For a very long time, churches were not insured because
the real value of these properties had not been known. For
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THE SEED - VOL 27, No. 10 OCTOBER 2015
this made it difficult to give an estimate of the value of the
buildings, this made the priests, managing these churches to
shy away from getting insurance. This is where Pacis comes in
to eliminate the stress by bringing in experts who do a proper
valuation for the priests free of charge,” explains Mr Anthony
Muchiri, the Senior Marketing Executive at Pacis Insurance.
“There are situations where you find that within the church
building there is also an office, the priest’s house. While other
insurance companies will want to regard that as an office or
domestic house, Pacis will look at it and say we give you a
religious product that would cover those kind of peculiarities
because we understand”, reiterates Mr Peter Makhanu,