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XL Insurance, the global insurance operations of XL Capital Ltd., has created Sustainable Property Endorsement to encourage customers who experience a property loss to rebuild using resource-efficient, environmentally friendly materials.The program is designed to be attached to U.S. property insurance policies and is also adaptable to other tailored or manuscript forms under certain conditions. The endorsement is based on the Leadership in Energy and Environmental Design Green Building Rating System developed by the U.S. Green Building Council. It allows XLI’s customers to collect an amount greater than the value of the damaged property provided the damaged property is replaced with an environmentally acceptable substitute and, therefore, encouraging customers to upgrade their property at the time of loss.

The endorsement is not limited to property such as furniture and appliances, but also applies to all insured property unless specifically excluded in the endorsement. Coverage is extended to include undamaged property under the building laws provision as well as recycling and recertification expenses after both full and partial losses. Some of the benefits of designing with sustainability include reduced energy costs, increased employee productivity and reduced greenhouse gas emissions.

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