Comprehensive Coverage for Solar Panels

Secure your solar energy investment with a reliable protection. Solar panel insurance from People’s Insurance offers you comprehensive coverage against unforeseen damages, ensuring that your renewable energy system is secured.

Basic Cover

• Fire and/or lightning
• Storm and tempest including cyclone
• Flood
• Earthquake and its consequences
• Accidental damage
• Electrical Extra Cover

Additional Covers

• Debris removal Cost up to a maximum of LKR 10,000/- (Per event/Aggregate)
• Cost of removing and re-positioning solar system, if the building or structure is damaged due to any of the perils mentioned above, up to a maximum of LKR 10,000/- (Per event/Aggregate)
• Cost of transporting the damaged solar panels to the service agent workshop, up to a maximum of LKR 5,000/- (Per event/Aggregate)
• Malicious Damage – 20% of the sum insured
• Loss of revenue LKR 1,000/- per day. Max. up to 7 days

Extensions

• Theft involving forcible entry to the premises or accompanied by violence or threat
• Riot & Strike
• Terrorism
• Electrical Extra Cover without fire marks, limited to LKR 200,000/-