Fireman’s Fund Insurance Co. is now offering ‘green’ homeowner’s insurance to consumers in the state of Minnesota. This is the first-ever admitted green insurance available to homeowners in the state, according to the company.
Fireman’s Fund customers may purchase the green coverage for as little as $25 a year. In addition, homeowners whose residences are already green will be offered a five percent discount on this coverage, applied to the homeowner premium.
Under the program, if a home is destroyed, it can be rebuilt to green standards, certified as having Leadership in Energy and Environmental Design status (LEED.
“Green insurance policies that encourage consumers to build with conservation and efficiency in mind are exactly what Minnesota needs to meet our renewable energy goals,” said Glenn Wilson, Commissioner of the Minnesota Department of Commerce. “These investments will pay off for the homeowners every month for the life of the property.”
With this coverage, homeowners will be able to rebuild and replace with green alternatives such as:
Energy Star(-rated appliances, lighting, electronic equipment and roofing / insulation
An Energy Star upgrade of heating, ventilation and air-conditioning systems
Forest Stewardship Council ( www.fcsus.org) certified wood for millwork, ceilings, siding and framing, including bamboo flooring
Non-toxic, low odor paints and carpeting
Water-saving plumbing fixtures
Elimination of ozone-depleting refrigerants and fire extinguishing agents, replaced with environmentally friendly alternatives
Debris removed after damage to a home will be recycled and diverted from landfill
Fireman’s Fund was the first property and casualty insurance firm to offer green insurance to the U.S. commercial marketplace, introduced in fall 2006. Vegetated roofs, plumbing and electrical systems, commissioning and the costs for green recertification fees for previously certified buildings are all included coverages that fill the gaps in traditional insurance policies.
Source: Fireman’s Fund
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