If you’ve experienced some bad luck courtesy of Mother Nature, there may be some environmentally friendly hope that will help you pick up the pieces. A home insurance company is offering owners of destroyed or damaged homes a chance to rebuild with green materials, without breaking the bank while doing so.
Chubb Group of Insurance Companies will pay to rebuild using environmentally friendly materials, low-impact processes and ultra-efficient heating and cooling technology after an insured loss. Chubb will pay the difference between rebuilding the house as it was and rebuilding “green,” up to the amount of GreenWise insurance purchased.
Providing insurance to this growing sector is a means to support the development of the alternative energy marketplace,” said Peter Thompson, vice president, Chubb & Son, and worldwide energy manager for Chubb Commercial Insurance. “With this initiative, we will gain a deeper understanding of the industry and identify new product needs for the array of businesses involved with or affected by renewable energy.”
Policyholders can purchase 10 percent to 100 percent of the insured value of the home, while other insurers typically provide only up to 10 percent of the dwelling limit for “green” coverage.






May 2nd, 2010 at 10:29 am
I want to build eco friendly house near to river bank of hill area at Uttrakhand India. It is my dream with my cusion brother Avtar. Also to develop a cultural spot.
September 3rd, 2010 at 3:27 am
You could easily spend $150-250/hr on a lawyer only to find out he really is not a claim expert and knows nothing or very little about property insurance claims. There are very FEW attorneys who are claim experts and really understand and KNOW property claims. I have been hired by several attorneys to work for the case as their expert witness. The reason they hire me is because I understand insurance claims.