A growing number of real estate owners are striving to make their buildings more sustainable. They, and many tenants, wish to adopt greener initiatives to be more efficient and eco-friendly. However, ventilation of reconstructed buildings, vegetative roofs and specialized architecture and other upgrades bring unique risks which can sometimes lead to unique losses. That's why you'll need the right coverage and insurer for your ecological rebuilding; in the event your green property suffers damage or is destroyed.
CNA offers EcoCare® Property Upgrade Extension Endorsement, which covers the reasonable additional costs you incur to upgrade damaged and insured property to more environmentally responsible and resource-efficient property. This coverage provides for green building upgrades as a result of a covered loss to the building or contents, such as green structures, materials or processes incorporating energy, water, and material efficiencies and environmental quality.
This coverage also extends to include the incurred recycling expenses of reusing salvaged building materials, green architecture and engineering fees, and the re-certification expenses incurred from organizations.
Our underwriters and risk control professionals understand the complex risks you face in the real estate industry, and can help manage your exposures and help you avoid many common losses. If an incident occurs, our highly experienced claim professionals are dedicated to working with you, so you may remain focused on servicing your clients.