Lexington introduces LexElite Eco-Homeowner insurance

Lexington Insurance Co., an American International Group company, has introduced LexElite Eco-Homeowner insurance for homeowners generating their own power using geothermal, solar or wind systems. LexElite Eco-Homeowner also provides 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 homeowners policy, responds to the unique 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 protects 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. The policy also covers expenses for inspection, reconnection or permitting fees assessed by a utility or governmental authority when the homeowner's alternative energy system is brought back online.

For more information, contact David Valzania at 617-330-4419 or david. valzania@aig.com.