Green Building Insurance

Abstract

This paper addresses fundamental issues in green building insurance. Thus it discusses the modernity of the insurance for such buildings, the scope of insurance liability in green insurance, the role of the judge in developing the provisions of this contract through his modernized judgment, parties to the green insurance contract and the nature of the green insurance contracts for them, along with the applicable law, and it highlights the cases that may arise between the parties. The paper concludes a number of results, most important, that the nature and novelty of green buildings may be accompanied by unusual risks in traditional buildings which requires special insurance contract to cover such risks and to create specialized experts in green buildings to be relied upon by the court in issuing decisions as the judiciary may play a major role in developing the legal rules for green building, and finally it stresses the necessity to make the green building insurance contract obligatory.

Key words: green building, LEED, traditional buildings, green insurance, risks, green materials