Eco-friendly Oregon residents may be able to save on home insurance
In recent years, Americans have received tax breaks for eco-friendly home improvements, helping consumers save money on new windows, doors and solar panels.
This week, an insurer in Oregon announced a new policy that may make environmentally conscious consumers want to compare home insurance coverage options carefully.
Fireman’s Fund Insurance Company is now offering ‘green’ insurance policies to those whose homes have been certified by Earth Advantage, a Portland, Oregon, non-profit.
This expanded coverage guarantees that if a home experiences damage or is completely destroyed, it will be rebuilt to environmental standards, complete with Energy Star appliances and non-toxic, low-odor paints and carpeting.
“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’s Personal Insurance Department.
Consumers who have already updated their homes to green standards could be able to save up to five percent off their insurance policies by switching to the company’s coverage.
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