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Daily Insurance Industry News
Sunday 21st of October 2018
February 24, 2009

Chubb encourages green rebuilding

by Richard Kilner

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In a bid to promote the green agenda, the Chubb Group of Insurance Companies is to encourage homeowners to go green after their home is damaged (or even destroyed).

One of the issues with going green can be exorbitant costs, but Chubb has promised to assist homeowners with insurance that will cover the costs of rebuilding with environmentally sound materials, as well as heating and cooling systems.

The optional coverage, Masterpiece® GreenWiseSM Upgrade, will allow policyholders to purchase between 10% and 100% of the insured value of the home.

Recent research by Chubb revealed that almost three in 10 of Americans were looking to make their homes greener.

This new option is the latest in a string of environmentally friendly moves made by the insurer.

In early 2008 Chubb joined the non-profit organisations the American Council On Renewable Energy and the U.S. Green Building Council, shortly after the formation of its green energy team.

 

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