no matter how special the coverage is, it's still periperal to green building. should the green campain move into next level, internal incentive mechanism needs to be established. a mindset that perceives building green as a investment behavior rather than spending, or in other words, regarding the uncertainty of benefits from green building as the risk in venture capital investment will help the corporates become more proactive and positive in financing green buildings
News Brief
Insurer Offers Special Coverage for Green Buildings
Fireman’s Fund Insurance Company, a major provider of property and casualty insurance, announced new green building coverage plans in October 2006. The plans are available for owners of certified green buildings, or property owners who want to not just rebuild to preexisting standards following a fire but also add green features. For buildings certified by the LEED® Rating System or by Green Globes™, the company will fund replacements for green features such as nontoxic and low-odor paints and carpets, Energy Star®-rated appliances, green interior lighting systems, efficient plumbing fixtures, and commissioning. LEED-certified buildings can also qualify for discounted coverage due to lower risk factors. “At Fireman’s Fund we support and financially cover property owners who are green or would like to go green,” said Steve Bushnell, product director at Fireman’s Fund.
Published October 27, 2006 Permalink Citation
Roberts, T. (2006, October 27). Insurer Offers Special Coverage for Green Buildings. Retrieved from https://www.buildinggreen.com/newsbrief/insurer-offers-special-coverage-green-buildings
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