Church Insurance Costs Skyrocket in Two Canadian Provinces
Anglican churches in Nova Scotia and Prince Edward Island found their insurance premiums have climbed by 250% as of March 1, according to ChristianWeek of Canada. The huge increase is partly due to a fire that destroyed a 247-year-old church in Nova Scotia last October, which is being rebuilt and restored at a cost of $5 million. An insurance adviser said that all churches in the Maritimes are in for a jump also, probably a doubling of previous rates. In the Maritimes, church buildings are made of wood, with many over 100 years old. However, the adviser also said that Sept. 11 could be largely responsible for the increases, because of the tremendous losses insurors have suffered.