Liberty Mutual Property has introduced Green Select, a property policy endorsement that gives customers the coverage flexibility necessary to protect their green investments.
In the event of a covered loss to a Leadership in Energy and Environmental Design (LEED) or Green Globe certified building, Green Select provides insurance for building recommissioning and/or recertification fees, vegetative roofing systems, debris recycling and the use of green-certified products.
The endorsement also covers the costs to recertify a building one level higher than its previous certification in the LEED or Green Globe Certification Program. Green Select’s flexibility extends to non-green properties by giving owners the extra money necessary to upgrade certain aspects of their property to green.
Tim Rose, president of Liberty Mutual Property, said: Green Select addresses issues such as the longer restoration times required for green-certified buildings and allows our customers to decide how best to allocate their resources if they choose to upgrade to green building materials.