As more individuals and businesses make the switch to solar energy, securing your investment in solar panels has become increasingly important. While solar panels are a reliable and sustainable power source, they are not immune to risks such as damage by adverse weather, theft, and other unforeseen events. That’s where solar insurance comes in to play. At Peoples Insurance, we offer tailored Solar Panel Insurance policy that provides comprehensive coverage to protect your renewable energy system. Let’s explore what Solar Insurance entails and how it can benefit you.
What is Solar Panel Insurance?
Solar Panel Insurance, is a specialized policy designed to cover various risks associated with your solar energy system.
Basic Coverages
Our Solar Panel Insurance offers extensive protection, including:
- Fire and Lightning: Coverage for damage caused by fire or lightning strikes.
- Storm and Tempest: Protection against damages from severe weather events, such as cyclones.
- Flood: Coverage for damage resulting from flooding.
- Earthquake and Consequences: Protection for damage caused by earthquakes and related effects.
- Accidental Damage: Coverage for accidental damage to your solar panels and related components.
- Electrical Extra Cover: Coverage against electrical-related losses such as power savings.
In addition to basic coverage, we offer specialized covers which includes :
- Debris Removal: Costs of removing debris a covered incident.
- Repositioning Costs: Cost of removal and requires the removal and re-positioning of the solar system if your building or structure is damaged.
- Transportation Costs: Coverage for transporting damaged solar panels to a service agent workshop.
- Malicious Damage: Coverage for damage caused by the malicious acts to the solar panel.
- Loss of Revenue: Compensation for loss of revenue due to system downtime due to operation of an insured peril, up to a maximum of 7 days.
Extensions
To further enhance your protection, we offer extensions that include:
- Theft Cover: Coverage from theft involving removal of the solar panels from the structure where the solar panels are installed by actual forcible and violent means.
- Riot and Strike: Protection against damages resulting from riots and strikes.
- Terrorism: Coverage for damages caused by acts of terrorism.
- Electrical Extra Cover without Fire Marks: offering additional protection for electrical-related losses.
Why Choose People’s Insurance?
At People’s Insurance, we understand the unique needs of solar panel owners and are committed to providing a comprehensive coverage that ensures peace of mind. Our policies are crafted to offer robust protection, allowing you to focus on enjoying the benefits of clean, renewable energy without worrying about potential setbacks.
Secure your solar energy investment today with People’s Insurance. Contact us to learn more about our Solar Panel Insurance options and find the right coverage for your need. Let us help you safeguard your solar system and continue to harness the power of the sun with confidence.
