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.

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. 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. However some insurers may not cover them as standard so it s always worth checking. 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.

Even worse some insurance providers might not cover such panels at all. In most cases there is no need to get additional insurance to cover your solar panel system. Solar panels are exposed to the elements and damages from natural causes. To protect your investment you ll need to purchase a supplemental insurance policy to pick up where your home insurance leaves off.

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. Whether or not these separate systems are covered depends on your insurer s policy. In most cases there won t be any change to your home insurance premium if you fit solar panels to your property. These along with costly price present a challenge to every insurer who is trying to keep a hefty payout at bay.