Fireman’s Fund Insurance Company is offering a 5 percent discount to policyholders with Energy Star buildings. This is the latest expansion of the firm’s green insurance coverage.
Earlier this year Fireman’s Fund introduced several new endorsements for policyholders who have made energy efficiency and other environmental upgrades to their property. The new offerings include Green Financial Incentive Coverage for policyholders who paid for green improvements to their property with help from a tax incentive, financial grant or a similar benefit — but then suffered a loss to that upgrade and are obligated to refund the incentive they received.
The expanded coverage and the discount for Energy Star buildings come as Fireman’s Fund approaches the fourth anniversary of the launch of its green building insurance for commercial properties. Fireman’s Fund was the first carrier to offer such coverage in the U.S. commercial marketplace. The firm followed that 2006 debut with the introduction of green insurance for homeowners in July 2008 and the establishment later the same year of its Green RiskAdvisor program.