Travelers Expands Property Coverage to Support Green Building

Travelers Expands Property Coverage to Support Green Building

Mimicking the growing support for and adoption of green building practices, Travelers has become the third insurance company to announce green building coverage this month.

The company's Commercial Property Division has launched Green Building Coverage Enhancements, covering the additional cost and restoration time for green building alternatives, expenses related to green building reengineering and recertification, and green roofs.

The coverage is for mid-sized businesses and allows environmentally preferred building materials to be used after a covered event or loss.

"Travelers believes that commercial property owners who embrace 'green' technologies are likely to be more risk management-minded, practicing greater care in building maintenance and operation," Michael Klein, president of commercial accounts, said in a statement.

ACE USA and Lexington Insurance Company have also announced green building-friendly insurance coverage this month.