LOS ANGELES -- With an industry-leading commitment to the environment, The Farmers Insurance Group of Companies has begun offering a new eco-friendly product for its Minnesota customers wishing to go green.
Called Eco-Rebuild, the new endorsement will supplement Farmers homeowners insurance by allowing customers to replace destroyed property in ways beneficial to the environment.
"We are excited to bring this product to the market and give our earth-conscious customers an option previously not available to them," said Jeff Reinig, Farmers Insurance Senior Vice President of Home Product Management. "This is quite literally an investment in our global future and we are excited to be the industry leaders."
The "Eco-Rebuild" endorsement includes:
- $25,000 for extra costs incurred to rebuild or replace with "green" materials.
- If the house is an Energy Star Qualified Home, the endorsement will cover the cost of upgrading damaged property to meet new Energy Star requirements.
- Reimbursement for recycling debris rather than disposal.
- Reimbursement for extra costs incurred by using other means of power in the event of loss of alternative power-generating equipment.
In addition to Minnesota, the product is also available in 28 other states.
