Green Home Insurance: Protecting Eco-Friendly Homes

What if you could save money and save the planet at the same time?
No matter how good your homeowners insurance is, chances are you pay more than you would like. But you could potentially be paying less for green home insurance. Before you make the switch, you need to have a “green” house to qualify.
Ready to be an eco-friendly homeowner but not sure how to start? Ready to learn about green home insurance discounts and other financial incentives? Keep reading to learn everything you need to know about sustainable protection.
What Is Green Home Insurance?
Green home insurance is a special form of coverage designed for those with eco-friendly houses. Such a policy helps replace damaged or destroyed items in your house with more environmentally friendly options and may help you rebuild a home that is more sustainable overall after disaster strikes.
Compared to traditional coverage, this type of protection is a relatively new option for homeowners. If your own house is eco-friendly or you are interested in making it greener, then this specialized coverage is vitally important.
Why It Is Essential for Eco-Friendly Homeowners
Green insurance helps you live more sustainably with your environment. It can also help you save money on your monthly premiums in a number of ways, all while reducing maintenance costs. In this way, it can make your wallet “greener” along with your house.
Key Benefits of Insuring an Eco-Friendly Home
Having eco-friendly home insurance may lower the cost of your monthly premiums by making your house safer and more sustainable. Any specialized tech you have will now have a reduced chance of getting damaged and will be easy to replace.
Financial Advantages Through Discounts and Incentives
Getting this coverage may qualify you for certain green discounts from your carrier. These discounts may be as high as 5% off your usual home insurance monthly premium.
Combined with the money an environmentally friendly house can help you save on utilities, this is a powerful way to conserve money and the environment, all while giving your house the protection it deserves.
The Role of Green Upgrades in Insurance Assessments
You do not really need eco-friendly home insurance until you have a correspondingly eco-friendly property. Some homeowners hold off on making upgrades because they worry about how much everything will cost.
In reality, such upgrades and green protection can easily pay for themselves. That is because you will save money on premiums and utilities, all while giving yourself enhanced liability coverage.
Impact on Premiums and Potential Savings
To get a green discount on your homeowners premium, you will need to meet certain standards as defined by your carrier. For example, you may have to make upgrades that meet Energy Star, LEED, or EPA certifications before receiving a discount. Be sure to ask your carrier what certifications you need to make before spending money on upgrades.
Those upgrades obviously cost money upfront, but there are some powerful eco-friendly incentives that may help them pay for themselves over time. Many of these upgrades help you save money on utilities. Combined with the discount on your monthly premium, this adds up to serious savings over time.
Enhanced Liability Coverage for Eco-Friendly Features
One of the most important parts of your existing homeowners insurance is liability coverage. Eco-friendly homeowners may be able to obtain enhanced liability protection that pays out in the event a visitor is injured by any of the upgrades they have made. And, of course, the policy helps better protect your home renovations.
Navigating Challenges with Green Home Insurance
Green insurance offers many benefits to homeowners. However, that does not mean it is perfect. Such policies often have exclusions and limitations you should be aware of before you purchase a new policy.
These limitations and exclusions represent some “cons” to this coverage that typically do not outweigh the “pros.” However, it is always important to know what to expect (both good and bad) when buying a new policy.
Common Exclusions and Limitations in Green Policies
Most homeowners know there are always exclusions and limitations in insurance policies. As for sustainable policies, the most common exclusions and limitations include that they may not cover the costs associated with having your house certified (or re-certified) as green. However, it is worth noting that making your house more eco-friendly is still a great way (many would say the best way) to achieve your desired cost savings.
Future Prospects of Green Home Insurance
If you are still on the fence about purchasing sustainable protection, you should know that this specialized coverage is worth it for more than just the policy discounts and eco-friendly home incentives. Simply put, this is an investment in you and your house in more ways than one.
Why? The truth is that the environment is getting more unpredictable year after year. For example, increasingly unpredictable rain is why water damage is one of the top home insurance claims. By upgrading your house now, you can save money even as you better prepare for an increasingly uncertain future.
Current Trends and Innovations
The single greatest environmental issue is climate change. Because of this, more individuals and corporations are investing in green technology that can help protect the planet even as it safeguards against future environmental calamity. By upgrading now, you can start saving right away and be better prepared for future disasters than the neighbors around you.
Predictions in the Evolution of Eco-Centric Coverage
Due to the aforementioned issues with climate change, the future of green insurance will be more customized coverage to handle specific perils likely to affect your area. While it is impossible to know exactly what the future holds, getting this coverage now helps you better protect yourself and your house in the coming days.
Get a Free Home Insurance Quote for Your Green Home
Now you know everything you need to know about green home coverage. This includes how this coverage works, how it can help you save money, and what the future of these policies looks like. But do you know how your own future could include even more savings?
At InsureOne, we specialize in protecting your house from the unknown. We are here as a one-stop shop for all your green needs. Ready to save money while you save the environment, all while getting the most white-glove customer service in the industry? Then, it is time to get a quote online. You can also pick up the phone and give us a quick call at 800-836-2240. Finally, feel free to find an InsureOne office near you.