Solar insurance protects your investment in solar panels by covering damages or losses due to various perils like fire, theft, natural disasters, or mechanical/electrical issues.
Factors Affecting Premiums:
System size and value: Larger and more valuable systems will generally have higher premiums.
Location Areas with higher risk of natural disasters will have higher premiums.
Coverage level The amount of coverage you choose will affect the premium.
Deductible A higher deductible will result in lower premiums.
Claims history Your claims history can also influence the premium.
Why Consider Solar Insurance?
Protection against damage Solar panels can be damaged by weather events (hail, wind, snow), theft, or other incidents.
Financial security Insurance can help cover the cost of repairs or replacement of damaged panels, protecting your investment.
Liability coverage Solar insurance can provide liability coverage in case of accidents or injuries related to the solar system.
Peace of mind Knowing that your solar system is covered can provide peace of mind, especially in areas prone to extreme weather.