Are solar panels covered by building insurance?
You have decided to get solar panels. You are conscious about the environment and, in the long run, about your wallet. Now, solar panels are a hefty investment. Therefore, you want to be covered as well as possible, should anything happen to them. But under which insurance do solar panels actually fall?
Solar panels are covered by buildings insurance, provided they are nailed to your roof. In fact, flat roofs may not have them nailed down. In this case, they are not part of your house and are therefore not covered by building insurance.
Are the solar panels not nailed down? Then the solar panels are covered by your contents insurance. Keep a close eye on this. There are different/restrictive conditions for this. This is because the solar panels are located outside the house.
What are the terms of a building insurance policy?
When insuring solar panels, there are several points to consider.
What are you insured for?
Are your solar panels covered by your building insurance? Then you are at least insured against hail, fire, theft, lightning and storm damage. This is the basic policy that you can take out with any insurer. However, keep in mind that you always pay about €200 deductible in the event of storm damage.
Part of your home
Do you want to include your solar panels in your buildings insurance? Then make sure they are grounded and nailed down. This means that it should not be possible to just take them away. They must actually be attached to your home.
Value
Have the value of your home rechecked. When you install solar panels, the value will go up. This means you are underinsured with your old insurance. Make sure you buy new insurance. The premium will usually be slightly higher in that case.
Exceptions
Always check carefully what types of damages are reimbursed by your insurer. Most insurers have strict exceptions with compensation. Exceptions may include damage due to improper installation and costs due to breakdowns.
How can you best (co-)insure solar panels?
Solar panels are best included in your buildings insurance. The added value of the solar panels is then added to the previously calculated value of your house. Always check the policy to see if product damage is covered. Product damage is the accumulated electricity you lose when your solar panels are damaged. When this is included in the insurance, you don't have to pay the extra electricity costs yourself.
Choose building insurance with Alpina
Do you need buildings insurance? Then take out home insurance now at Alpina. Alpina always guarantees the best insurance and excellent service. Through our years of experience, we know exactly what you need. Every insurance policy is tailor-made for you. As a result, you will always have the best possible insurance, applied to your situation. Do you have any questions about home insurance? Do not hesitate to contact Alpina.
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