Insurance Commissioner John W. Oxendine will join Fireman’s Fund Insurance Company Regional Vice President Chris Molinari to announce the approval of the first green homeowners’ insurance policy in Georgia on Tuesday, September 30 at EcoManor at 11 a.m.
This new coverage became available this year enabling Georgia homeowners with conventional homes to rebuild to the latest environmental standards after a loss.
If home is damaged (partial loss), customers may choose from a menu of items
- Energy Star rated appliances, lighting, electronic equipment and roofing / insulation
- An Energy Star upgrade of heating, ventilation and air-conditioning systems
- Forest Stewardship Council certified wood for millwork, ceilings, siding and framing, including bamboo flooring
- Non-toxic, low odor paints and carpeting
- Water-saving plumbing fixtures
- Elimination of ozone-depleting refrigerants and fire extinguishing agents, replaced with environmentally friendly alternatives
If the home is destroyed, customer can choose to have it rebuilt to USGBC LEED Certified standards
How much does it cost? On a $1 million home, the green coverage would cost $70 – or about what we’re paying now to fill up a tank of gas. There is a minimum of $25 on less expensive homes and a maximum of $600 on a very expensive home.
Laura Turner Seydel’s EcoManor (348 Manor Ridge Drive, Atlanta, Ga.30304) will be the site of the announcement. The Seydel’s home EcoManor is the first LEED certified home in Atlanta and has energy-efficient appliances and green construction options, such as pressed-straw interior doors, solar windows and tankless water heaters. A brief tour of EcoManor highlighting the types of products covered follows news conference. Parking is available in front of the home.