April 11, 2008—Travelers insurance company’s Commercial Property Division recently launched an endorsement to its standard Deluxe Property Coverage to promote the use of environmentally friendly building materials as replacement components following a covered cause or type of loss.
The Green Building Coverage Enhancements for mid-sized businesses provide the following additional coverages:
- Green Building Alternatives—Increased Cost;
- Green Buildings Reengineering and Recertification Expense;
- Vegetative Roofs; and
- Green Building Alternatives—Increased Period of Restoration.
To learn more about Traveler’s Climate and the Environment initiatives, visit the company’s Web site.
See also, “Insurance companies add policies for rebuilding to green standards” on FMLink.
