Are you planning to install solar panels for your home or business? Or have you already made the switch to solar energy?
Installing a solar energy system can come at a significant cost. While you may have carefully considered the type of solar panels, installation and long-term benefits, have you also thought about what could happen if your system is damaged by adverse weather, burglary, an accident or another unforeseen event?
Unexpected damage could result in additional repair or replacement costs. Being prepared for these risks is just as important as choosing the right solar energy system. That’s where Solar Panel Insurance comes into play.
At People’s Insurance, we offer a tailored Solar Panel Insurance policy that provides comprehensive coverage to help protect your renewable energy system against a range of unexpected risks.
What Are the Basic Coverages Offered by People’s Insurance?
Our Solar Panel Insurance provides protection against a range of risks that could affect your solar energy system, including:
- Fire and Lightning:Coverage for damage caused by fire or lightning strikes.
- Storm and Tempest:Protection against damage caused by severe weather events, such as cyclones.
- Flood:Coverage for damage resulting from flooding.
- Earthquake and Consequences:Protection against damage caused by earthquakes and their related effects.
- Accidental Damage:Coverage for accidental damage to your solar panels and related components.
- Electrical Extra Cover:Coverage against power surges.
What Specialized Covers Are Included in our Solar Panel Insurance?
Damage to your solar energy system can sometimes result in additional expenses beyond repairing or replacing the panels themselves. That’s why People’s Insurance Solar Panel Insurance also includes specialized covers such as:
- Debris Removal:Coverage for costs associated with removing debris following a covered incident.
- Repositioning Costs:Coverage for costs associated with removing and repositioning the solar system when the building or structure is damaged.
- Transportation Costs:Coverage for transporting damaged solar panels to a service agent or workshop.
- Malicious Damage:Coverage for damage caused by malicious acts to the solar panels.
- Loss of Revenue:Compensation for loss of revenue resulting from system downtime due to the operation of an insured peril, up to a maximum of seven days.
To further enhance the protection of your solar energy system, additional extensions are available, including:
- Theft Cover:Coverage for theft involving the removal of solar panels from the structure where they are installed by actual forcible and violent means.
- Riot and Strike:Protection against damage resulting from riots and strikes.
- Terrorism:Coverage for damage caused by acts of terrorism.
- Electrical Extra Cover without Fire Marks:Additional protection against applicable electrical-related losses.
Choosing solar is a long-term decision for your home or business, and protecting your solar energy system should be part of that decision too.
Unexpected damage can happen at any time, and the cost of repairing or replacing solar panels and related components can create an additional financial burden when you least expect it.
With People’s Insurance Solar Panel Insurance, you can be better prepared for these unexpected situations. From weather-related damage and accidental incidents to burglary and other covered risks, the right protection can help you manage the financial impact and keep your solar energy system protected.
So, whether you are planning to install solar panels or already have a solar system in place, don’t leave its protection as an afterthought.
You’ve made the switch to solar. Now make sure it’s protected.
Learn more about People’s Insurance Solar Panel Insurance and choose the coverage that best suits your home, business and solar energy system.