To respond to the additional exposures and costs that green building construction can present, Acadia is offering a Green Building form which includes coverage for the following expenses:
- Proper disposal of damaged property and debris to a recycling facility.
- Recertification of the structure in accordance with green certification standards.
- Restoration of air quality to standards set in their air quality plan.
- Electricity or water replacement if damage to your generating or conservation equipment
It is also important to note that the delay in completion of a green building after a loss can cause financial losses other than those associated with repairing the structure. The "soft costs" associated with a construction project can be increased significantly by the procedures necessary to regain green certification.
Therefore, Acadia's Green Delay in Completion form can cover:
- Additional advertising and financing expenses after the damage is done.
- Loss of surplus power income from the inability to feed power due to damage to energy generating equipment.
- Increase of lost income from the completed project due to delays in the recertification process.
