commentAon Offers Green Rebuilding Policy
Adding to a growing list of such policies, insurance broker Aon Corporation announced in August 2008 that it will add green rebuilding coverage to its global property policy, which covers large properties, with damage limits of up to $1 billion. Covered buildings, whether certified or not prior to damage, will be repaired or replaced to meet the requirements of LEED or a comparable rating system. Aon would cover the costs for upgraded equipment, materials, design and engineering, certification, and recycling of demolition and construction debris.
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Any additional cost for the endorsement is negotiated on a case-by-case basis, but is likely to be zero for currently certified buildings and, company representative Rod Taylor said, might not be passed on to the insured party even for non-certified buildings that would need upgrading.
For more information, visit www.aon.com.
This article was produced by BuildingGreen, LLC.- www.buildinggreen.com
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