Installing Solar Panels - Insurance Considerations

Photovoltaic Panels are increasing in popularity and attract plenty of benefits which most insurers are keen to support.

However...inevitably they pose significant additional risks such as:

Fire Hazards

As well as the risk of fires that produce toxins. Plus, increased challenges in manual firefighting.

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Weather damage

Susceptibility to weather and animal related damage

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Structural implications

The added weight of solar panels can cause structural implications to buildings

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Falling risks

Decreased rooftop walking space therefore creates fall risks

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Theft risk

Attractive target for theft and vandalism

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Most insurers would consider the installation of panels to be a material fact that must be disclosed, failing to do so could jeopardise the cover provided by the policy.

Typically, once completed and handed over by the contractor, a roof installation will be deemed to be part of the fabric of the building and the building sum insured will need to include the cost of replacing the equipment from scratch. Failing to do so is likely to lead to underinsurance and the Average clause being applied. This has the effect of proportionately reducing any claims payment.

If you are considering installing solar panels it is important that you liaise with your insurers prior to proceeding with any installation to ensure cover can be provided and to understand any additional insurance costs involved.

Alternatively, if you have any concerns or queries regarding your policies, you can contact the team at Pangea Insurance Brokers on 02382 354 354.

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