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Is Your LEED Certified Project Adequately Insured?

A great number of players in real estate business are well informed of LEED certified projects Seattle status and the conditions that should be met before attaining the status of being LEED certified. However, you may not realize how being LEED certified could have an influence on your property insurance within a short time period or in the long run. A lot of people might hypothesize that the fact that a building that has met the criterion , thus giving it a LEED certified status, firms selling insurance policies would make available a sort of credit facility or offer a cutback on the premium for a building that is LEED certified. On a sad note, many insurance firms utilizes statistical data obtained in previous times to predict shortfalls and increase the premium cost. Majority of these firms do not have confidence in the information available on LEED certified buildings. As such, these firms do not see enough reason to offer some sort of credit facility or give a discount on premium cost.

In recent times, there is an ever growing pressure to erect buildings or renovate building of older designs in order to meet the standards of being LEED certified. In light of this, many insurance companies have been able to come up with a ‘green’ endorsement that was left out in the conventional policy forms.

When consulting with your agent, there are certain things that should be reiterated over and over again. The high cost of purchasing materials that would be used in constructing an edifice that would eventually become LEED certified is a factor to contend with.

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Insurance adjusters may not agree to pay for the more expensive materials and methods unless the policy has been amended appropriately. These additional costs can include:

  1. A greater expenditure on construction in the utilization of building supplies that meet the standard of LEED certified status or processes involved in the building project.
  2. Overhead expenses on the building’s water system and its fittings, the electrical installations and other building fittings and devices that preserves the greenhouse property of the environment.
  3. The expenses on rugs and other flooring items, furnishings and interior décor that encourages the ‘green’ property of the environment.
  4. Expenses on replacement of damaged roofing materials.
  5. The expenses on building supplies that are eco-friendly and could be reprocessed for another purpose. Examples are bamboo and eucalyptus.
  6. Extra amount that would be spent on discarding building supplies via a means that constitute no harm to the environment.
  7. The upped charges demanded by a LEED qualified expert in order to supervise the building project or other experts to plan the budget and properly allocate funds to the right quarters during the renovation process.


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