Green Insurance

Now here’s a new idea in insurance. A select few companies are starting to market "green" insurance!

In reading Joel Bittle’s blog The Next Green Thing: Green Insurance , we were interested to hear that insurers have a new idea to help the environment.

Mr Bittle reports that Green coverage is a new element of residential insurance. Some insurance policies have “… the option for owners of non-green commercial buildings and homes. For a small cost of about $70 a year per $1 million insured, the owner of a non-green home can make sure that home is rebuilt to LEED Silver certification standards in the event of a total loss.”

What a great idea! Older homes destroyed and being rebuilt through insurance can be rebuilt to the highest environment standard.

We’ll be watching for this product to reach Canada and will report back as it does.


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