The Next Green Issue: Considering Property Insurance for the Green Building

38 Pages Posted: 11 Oct 2012 Last revised: 17 Jun 2013

Date Written: September 14, 2012


As government policies across the country try to encourage more environmentally friendly buildings, the next green issue facing the owners of the completed structure is obtaining the proper insurance coverage to protect their investment. A typical property insurance policy covers the costs to reconstruct or replace property damaged as the result of a casualty, so the Insurance Service Organization and other carriers offer specific green building endorsements in an effort to augment the underlying property policy. However, these buildings maintain unique characteristics, which becomes relevant to the owner and policy underwriter as well as other stakeholders like the holder of a mortgage and major tenants. Accordingly, this article seeks to address the issues associated with a property insurance policy and the applicable endorsements that provide coverage for a green building.

Keywords: Green Building, Property Insurance

JEL Classification: K00, K12, K11, K29, K39

Suggested Citation

Prum, Darren A., The Next Green Issue: Considering Property Insurance for the Green Building (September 14, 2012). Virginia Law & Business Review, Vol. 7, No. 3 2013, Available at SSRN: or

Darren A. Prum (Contact Author)

Florida State University ( email )

College of Business
P. O. Box 3061110
Tallahassee, FL 32306-1110
United States

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