Travelers Inland Announces New Green Building Additional Coverage

Staff | September 28, 2010

The U.S. Green Building Council reports that by 2010, the value of green building construction is projected to increase to $60 billion, with approximately 10 percent of new commercial construction starts expected to be green. Delivering on the growing demand, Travelers Inland is now offering Green Building additional coverage. Designed to support and maintain green construction, the new product was built to allow customers with new or renovation projects the opportunity to add Green Building coverage enhancements to their Builders' Risk or Installation policies. The goal of the coverage is to help a project move forward, with minimal impact, in the event of a covered loss. Green Building additional coverage will cover many costs related to rebuilding and recertifying a covered property to its budgeted level of green certification. A covered loss may result in additional expenses to comply with certification standards of a Green Authority. Coverage also relates to technology used in green construction such as Alternative Power Generating Equipment and Alternative Water Systems.