Environmentally friendly insurance

In over half of states, you can attach a "green insurance" rider to homeowners' policies. These riders pay out additional cash. If the house is damaged, or if homeowners' insurance pays out for other reasons, then the green rider pays additional to make eco-friendly updates. I found this here: Doing the math on green insurance



Facts on eco-friendly insurance



You are able to add on to your existing house insurance policy with some environmentally friendly insurance. The homeowners' insurance cost will increase. The rider pays additional costs to repair things in a “green” way if there is any type of damage done to your house. There are several things involved in this. Every little thing will be built in a LEED-certified manner while building materials will be recycled.



Environmentally friendly insurance costs



Getting some additional environmentally friendly insurance costs varies quite a bit from residence to house. The average single-family home will pay $25 a year to $50 a month for it. The likelihood that a homeowner will actually have to use the insurance is relatively low, which means that the likelihood that an environmentally friendly insurance rider will get used is even lower. However, in the event that something does take place to the house, the price of the updates that eco-friendly insurance can make effortlessly run into the thousands of dollars. While only you and your insurance agent can determine what meets your needs, some basic math can be a good guide. An additional $25 per year, over 30 years, is an additional $750 for coverage, which would be made up if the damages and upgrades do eventually occur.



Saving cash by going green



If there is any damage, you could save money on having eco-friendly updates to your home with green insurance riders. There are other ways green updates conserve you cash. They impact other expenditures inside your home. Environmentally friendly upgrades to your home or car can actually reduce the price of insurance. Make sure you look into whether big upgrades will reduce your insurance or not before doing them. Hybrid car owners typically get in fewer accidents than the general public, meaning you are able to pay less for insurance there too.



<p><strong>Information from</strong></p>

NY Times

Bankrate

The Insurance Expert