Property Insurance
Submitted by karenB on 5 August 2015 - 2:53pm
Have you been able to lower your property insurance rates for the smoke-free properties, since they are now nonsmoking? If so, can you share which company is providing it?
Kara Skahen
5 August 2015 - 3:08pm
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There are a few companies
There are a few companies nationwide that are starting to offer credits for smoke-free policies. One example is Capital Insuance Group in the Western US: https://www.ciginsurance.com/insurance/building-owner/apartment-building... I have also heard of managers being able to negotiate lower prices with their current company by having a smoke-free policy.
Patricia Baines-Lake
5 August 2015 - 3:34pm
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The Lansing Housing
The Lansing Housing Commission's Insurance rates have been positively affected as a result of our decision to implement a Smoke Free Policy. I can not quote an exact amount of savings because of the many factors which go into insurance rate decisions. However, this is a rating factor.