Some Interesting Innovations in Insurance

Ever thought of getting green home insurance? Sound far fetched? Not anymore. Fireman's Fund Insurance Company now offers two types of "Green-Gard" insurance for homes.

For people who already have a green-certified building or a building with certain green features, the insurance will cover the cost of replacement and will even hire a LEED-certified professional to oversee the repairs.

For people who would like to rebuild a home with green features in the event of a loss, the insurance will replace standard systems and materials with green ones such as non-toxic paints and carpeting, Energy-Star rated electrical equipment, energy efficient lighting systems and water efficient interior plumbing.

The insurance even covers the hiring of a commissioning engineer to ensure that all building systems operate properly and are in allignment with one another. To top it off, the company offers reduced rates to building owners who commit to green standards. Who says it doesn't pay to be green?

More information is available on the Fireman's Fund site.