ACE USA Offers Green Restoration Policy

ACE USA Offers Green Restoration Policy

The ACE USA insurance company has introduced coverage allowing policyholders to use green building methods when repairing or rebuilding damaged property, joining a number of other companies that offer similar programs.

The stand-alone ACE Green Building Restoration policy would cover any damaged real property, and is available for banks, manufacturing facilities, universities and colleges, retail stores and other industries.

With a typical limit of $25 million, the coverage would allow improvements to heating and cooling systems, insulation, roofing and windows, and changes such as new carpets to improve indoor air quality.

Other insurance companies, including Lexington Insurance Company and Fireman's Fund Insurance, also offer green building insurance, allowing covered buildings to be repaired to meet LEED certification or upgrade to higher levels of LEED. Fireman's Fund said it was the first company to offer such insurance when it announced its green building offerings in October 2006.
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