The Hartford Financial Services Group (NYSE: HIG) today announced it is adding coverage for home-based electric vehicle charging stations. The insurance company estimates that there will be 27,000 electric cars on the roads in 2011.
Harford is also installing electric vehicle charging stations at its Hartford, Simsbury and Windsor, CT campuses.
“Installing electric vehicle charging stations and providing insurance coverage for them demonstrates our support for developing the electric vehicle market and our commitment to a cleaner environment,” said Liam E. McGee, The Hartford’s chairman, president and chief executive officer.
The Coulomb Technologies charging stations are managed by the ChargePoint Network and can be used by Hartford employees free of charge.
In a statement Hartford said it is changing its homeowners insurance products with several new green features, including:
- EV Charger Coverage – Updating products to clearly include home-based EV chargers as covered property for new and existing customers.
- Green Rebuilding Coverage – Offers additional coverage for using environmentally-friendly materials or processes to make repairs after a covered loss or making necessary replacements with more energy-efficient or environmentally-friendly property. These optional features will be widely available by the end of the year.
