Pennsylvania Insurance Commissioner Joel Ario has approved a first-of-its-kind insurance discount for homeowners who have certain kinds of environmentally friendly technology in their houses.
The discount, which goes into effect May 1, is for those insured with Donegal Insurance Group. Donegal is offering 5 percent discounts for homeowners who use solar energy or geothermal heat pumps.
“Some insurers are taking an active role in promoting environmental awareness and taking advantage of growth opportunities in this emerging insurance market,” Ario said. “We believe this is a trend-setting insurance option for those who are concerned about the environment and leading an eco-friendly lifestyle. Additionally, it makes risk-management sense because alternative energy sources keep homes operating when there is a power loss.”
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Source: Pennsylvania Insurance Department
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