Property

Green Building Restoration

  • Your traditional standard replacement cost policy might not cover the extra expense to rebuild with “greener” products and services.
  • Unique policy that covers additional costs you incur rebuilding property after a loss to a more environmentally friendly standard.

If your costs associated with “green” repairs or replacements aren’t covered by traditional policies, our specialized solutions can cover the gaps and help you meet new green standards.

Coverage Highlights

Benefits

  • Coverage for additional costs associated with repair or replacement to a “green” standard not covered by traditional property insurance policies
  • Standalone policy as a companion policy for companies where Chubb participates in shared or layered property program
  • Offered by endorsement to Chubb’s middle market property policies

Coverage

  • Unique offering that provides allowance, defined as a percentage of underlying net loss, which indemnifies the insured for incremental costs to purchase "green" products and services not covered by standard physical damage property policy.

Minimums & Limits

Minimum Premium

  • $25,000

Limits

  • Up to $25 million

Target Clients

  • Financial Services
  • Business Services (Legal and Accounting Firms, Advertising Agencies Consulting and Public Relations, Research, etc.)
  • Healthcare
  • Higher Education
  • Hospitality and Casinos
  • Real Estate Owners and Managers
  • Retail Stores

Restricted Industries

  • Chemical
  • Food and Agricultural
  • Fuel Oil and Liquefied Petroleum Gas Terminals and Dealers
  • Gas Production and Distribution
  • Mining
  • Municipalities
  • Nursing Homes/Frame Apartments/Habitational
  • Oil, Petroleum, and Coal Products
  • Pharmaceuticals
  • Pipelines
  • Primary Metals
  • Pulp and Paper
  • Utilities