Green Homeowners Insurance Launches in New York by Fireman's Fund Insurance Company

March 26, 2009

First Admitted Insurer to Offer Innovative, Environmentally Friendly Coverage; Five Percent Discount Given to Green Homeowners NOVATO, Calif.--(BUSINESS WIRE)--Fireman’s Fund Insurance Company – the nation’s first provider of green insurance for commercial buildings – launches green insurance for homeowners in New York. This is the first-ever admitted green insurance available to homeowners in New York. Setting a new standard, Fireman’s Fund (www.firemansfund.com/green) is offering this innovative product to homeowners who currently own green homes or who want to upgrade their residences with green features after a loss using environmental safety and efficiency standards. If a home is completely destroyed, it can be rebuilt to green standards, certified as having Leadership in Environmental and Energy Design status (LEED(R), www.usgbc.org/leed). “We believe this is a trend-setting insurance solution for homeowners who are interested in the many benefits of ‘going green’ at home,” said Donald Soss, vice president of Fireman’s Fund Personal Insurance. Homeowners whose residences are already green will be offered a five percent discount on this coverage, applied to the homeowner premium. A green home uses less energy, water and natural resources, and creates less waste. Studies have shown that residents have better overall health and productivity as a result of reduced exposure to mold, mildew and indoor toxins. According to the National Center for Healthy Housing (www.centerforhealthyhousing.org), homeowners can expect substantial health gains by building green. Green NYC offers tips to New Yorkers to green their homes and make New York a healthier place.

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