http://www.insurancejournal.com/news/national/2008/02/26/87671.htm?print=1

In recognition of an emerging market, Lexington Insurance is offering protection for homeowners from risks associated with generation of alternative energy sources.  Will the establishment of similar products help encourage more homeowners to take green initiatives?

Lexington Insurance Co., an American International Group company, today announced LexElite Eco-Homeowner, insurance for homeowners generating their own power using geothermal, solar or wind systems.

LexElite Eco-Homeowner also provides industry-leading coverage for eco-landscaping, plantings used to provide shade or influence wind movement to reduce heating and cooling expenses. LexElite Eco-Homeowner, available as an endorsement to the LexElite homeowner policy, responds to risks faced by homeowners who generate their own power and feed surplus energy back into the local power grid. If a homeowner's alternative-energy system has a covered outage, LexElite Eco-Homeowner will protect the homeowner against lost income generated from selling surplus energy back to the local energy company and will cover the extra expenses incurred to purchase replacement electricity.

Insurance Journal, February 26, 2008

Submitted by J. Andrews