VANCOUVER, Feb. 28 /CNW/ - Two Canadian businesses, Offsetters and
Optimum West Insurance Company, have just teamed up to bring a new
product to the British Columbia marketplace: a home insurance policy to
offset a household's annual greenhouse gas emissions.
Called the Optimum Green-Home Extension, this carbon neutral home
insurance policy is a first for North America and is set to roll out to
BC homeowners and renters March 1, 2011.
The new product extends a conventional home insurance policy with up to
$10,000 of additional coverage, for the cost difference to replace
damaged items with more environmentally-friendly alternatives. This
green home insurance extension also includes carbon offsets. Applicable
to BC homeowner, condo and tenant insurance policies, brokers use
tables developed by Offsetters to estimate the homeowner's annual
household carbon footprint, which can then be offset.
The policy will be available through insurance brokers who offer Optimum
West Insurance, a company that recently earned the title of Climate
Friendly Company by Offsetters by completing a greenhouse gas emissions
footprint and offsetting key emissions activities.
"For Optimum West, we recognize we live in a changing world - the time
has never been so right to roll out this type of policy," said Jeremy
Green, regional vice president of Optimum West Insurance Company. "And
while BC is a testing ground for this new, green home insurance policy,
we certainly have our eyes set on other provinces in the near-future."
This announcement is the most recent partnership for the Vancouver-based
Offsetters. In the past year, Offsetters was one of the official
sponsors of the 2010 World Climate Summit, a sponsor to Globe 2010 (one
of the world's largest and longest-running events dedicated to the
business of the environment) and was named as the first official
supplier of carbon offsets for the Vancouver 2010 Olympic and
Paralympic Winter Games.
"We're proud to partner with industry-leaders like Optimum West," said
Kari Grist, senior vice president of marketing and sales for
Offsetters. "With this product, Optimum West is demonstrating how
organizations can help individuals find innovative ways to take
responsibility for their carbon footprint and take action on climate
change. Together, Offsetters, Optimum West and policy holders are
working towards a low-carbon future."
Offsetters is a leading carbon management solutions provider based in
Vancouver, BC, helping individuals and companies understand, reduce and
offset their climate impact. In 2009 Offsetters was selected as the
first ever official supplier of carbon offsets in the history of the
Olympic movement for the Vancouver 2010 Olympic and Paralympic Winter
Games. In 2009 Offsetters was also selected by the Pacific Carbon Trust
as the largest initial supplier of carbon offsets to the BC Crown
Corporation. Founded in 2005, Offsetters invests in high-quality
projects that achieve tangible reductions in greenhouse gas emissions
that have happened with its involvement. For more information, visit www.offsetters.ca.
About Optimum West Insurance Company
The Optimum West Insurance Company is a wholly owned Canadian company,
dedicated to serving the needs of Western Canada. We provide Property
and Casualty Insurance to individuals as well as business and commerce
throughout Western Canada, distributing our products through
independent brokers. We identify ourselves with hometown values while
enjoying the strength and stability of a Canadian based international
organization backed by the financial resources of the Optimum Group. For more information, visit www.optimum-general.com/en/owic.home.shtml.
SOURCE Offsetters Clean Technology
For further information:
Melanie Wong, Offsetters: 604-699-2652 or email@example.com
Kyley Young, Optimum West: 604-688-1541 or firstname.lastname@example.org
Deirdre Campbell, Tartan Group: 250-592-3838, 250-882-9199 (cell) or email@example.com