Home Isurance Wont Cover Certain Types Of Solar Panels

Most rooftop solar energy systems are covered by standard homeowners policies which doesn t change your insurance plan.

Home isurance wont cover certain types of solar panels.

In most cases there is no need to get additional insurance to cover your solar panel system. While solar panels are generally covered by your standard insurance the possibility of your insurer demanding that it be an add on will be there. These along with costly price present a challenge to every insurer who is trying to keep a hefty payout at bay. Whether or not these separate systems are covered depends on your insurer s policy.

While rooftop solar is typically covered in a standard policy your insurer may or may not cover other types of installations such as ground mounted solar panels and solar panel carports. However some insurers may not cover them as standard so it s always worth checking. Even worse some insurance providers might not cover such panels at all. Solar panels are exposed to the elements and damages from natural causes.

Some types of panels ground mount solar panels or solar carports may not be covered under your home insurance. However you may need to increase the amount of coverage on your home to account for the cost of the system which can then raise your premium. However since solar is worth thousands or even tens of thousands of dollars and can add around 10 000 to 30 000 of value to your home we might recommend raising your coverage limit to cover the cost of your home with the solar panel system. In most cases there won t be any change to your home insurance premium if you fit solar panels to your property.