
http://www.youtube.com/watch?v=eKvT1laennU
It's an uphill battle.
Property and Casualty Insurance Agent, Jimmy Norton, shares his random thoughts about insurance and risk management. Everyone has to have insurance, so everyone has their own opinion about it. Jimmy's mission is to bring insurance "down to earth" for the business & personal consumer. He would like everyone to love insurance as much as he does, but he knows that may be asking too much.
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A homeowner’s hot water heater suffers an overheating event resulting in damage to the storage tank that is beyond repair. The homeowner replaces this heater with a tank-less hot water heater to provide instantaneous hot water on demand. The green equipment breakdown coverage can be applied to this additional initial cost, creating reduced operational cost for the homeowner. Property damage paid: $1,775 (less $500 deductible) for a tank-less water heater.
A homeowner’s washer and dryer are damaged by a power surge. The repair company determined that the electrical damage was too extensive to repair the covered property. The insured was provided an estimate to replace the washer and dryer with a similar size and quality for $950, as well as an estimate to replace them with Energy Star® rated appliances for $1,480. Property damage paid: $1,480 (less $500 deductible) as equipment was upgraded to an Energy Star® rated washer and dryer.
A homeowner’s refrigerator freezer was damaged by electrical arcing. The repair company determined that the electrical damage was too extensive to repair the covered property. The insured was provided an estimate to replace the refrigerator with a similar style, size and quality for $1,100, as well as an estimate to replace them with Energy Star® rated appliances for $1,600. Property Damage paid: $1,600 (less $500 deductible) for newer Energy Star® refrigerator, plus $430 spoilage.
Central's offering is an example of new changes for Personal Homeowner policies. Green options for Commercial Buildings are sprouting as well. Stay tuned for future posts on this topic.
Does your policy offer any Green options? I'd like to know more about what else is out there.
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