Insurance Companies Adding Green Building Coverage

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Realizing the many benefits of green building, some insurance companies are now offering green building coverage for their policy holders. The commercial property division of Traveler’s Insurance Company has added coverage for mid-sized businesses that use environmentally-friendly building materials when improving properties following a loss.

Other companies like Fireman’s Fund, Ace USA, and Lexington Insurance Company have all instituted green policy enhancements as a risk-management strategy. As I had written in an earlier post, “Buildings account for much of the greenhouse gases that are emitted and cause climate change. These programs are efforts to hedge against natural disasters which are thought to increase in frequency and intensity under those conditions.”

Source: GreenerBuildings

Tag(s): Going Green, Green Building, Greenhouse Gas Emissions / Global Warming

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