Travelers Enhances Coverage for Green Commercial Properties
March 18, 2008 - Travelers has expanded its insurance coverage for
mid-sized businesses that own commercial real estate. The company's
enhanced Deluxe Property Coverage promotes the use of environmentally
friendly building materials as replacement components following a
covered loss.
The new plan covers higher initial costs and longer periods of
restoration for green buildings, expenses for re-engineering or
recertifying green buildings, and vegetative (or "green") roofs.
“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,” says Michael Klein, president of commercial accounts at Travelers.
- Login or register to post comments
- send to friend

