Solar panels are an excellent idea and a great investment in saving money on your power bills. Although they may seem expensive, solar panels will pay off quickly by reducing your electricity bills. You will likely want protection, as with any investment. Is it possible to cover the Florida solar system, or is that only available after they have been installed? How will they impact your home insurance? To help answer this question, we have created a guide about how solar panels can affect your home insurance.

Is solar panel damage possible by home insurance?

We need to first answer the question whether solar panels are covered under home insurance. The short answer is “yes”, but there’s more. The dwelling section of homeowner’s insurance covers solar panels as long as they are attached to your home. will only be covered if the panels are damaged by a covered peril. Your solar panels will be covered if they are damaged by hail, fire, or other perils. They won’t be covered against wear and tear, earthquakes or flooding. You’ll need separate insurance to cover those risks. You can always check your insurance policy to see if your solar panels are covered. If you are interested in solar systems in Florida, you should look into residential services close to you.

Are solar panels increasing the cost of homeowner’s insurance?

The total worth of your home is the basis for most homeowner’s insurance policies. This allows them to adequately cover the property. This means that solar panels can increase the cost of home insurance as they increase the home’s value. To match the new value of your home, you will need to raise your insurance policy. It is important to inform your insurance company about this new system. This will allow the insurance company to re-rate and assist you in determining if you require additional coverage.

If you are moving soon, make sure to speak to your movers to discuss insurance policies. You want to ensure that your solar panels are covered in the event of damage during transport, especially if you’re moving over long distances. It would also be a good idea to make it your mission to find the best long-distance movers Florida has to offer. This will enable you to keep your possessions safe when you move across the state.

How solar panels impact home insurance costs

Your home’s solar energy system is considered a permanent attachment. As such, homeowner’s insurance usually covers the cost of their installation. The coverage limit on your insurance policy will be affected. You will need to ensure that your policy limits are sufficient to cover damage to your home and damages to your solar panels. Consider severe damage and even complete replacement of your entire solar power system. It would be a good idea to increase your coverage limit in order to fit your solar panels system. They add a lot to your home’s value. This shouldn’t cause an increase in the coverage premium. Remember how you can protect your solar panels from theft. Insurance policies rarely cover theft of solar systems in Florida.

Roof damage after installation

You should only trust professionals to install solar panels because inexperienced contractors could damage your roof. Contractors can cause damage to your home, which is generally not covered by insurance policies. You would be responsible for any roof damage that is caused by contractors. To ensure that your home is safe from such damage, contact your insurance company and ask. You can avoid this problem by hiring a reliable installation company. Experts will be able to properly install your roof and avoid any damage. Think about it: When you move, you would call heavenlymove.com to assist you with the transfer. Professionals are not a bad idea when installing solar panels. No matter the type of service you need, we recommend that you read all reviews before you make a decision. Before hiring a contractor, make sure to ask for proof of their insurance and licenses.

Additional insurance for solar panels

To cover solar panels, you will need additional coverage or a completely different insurance policy . If your solar power system doesn’t connect directly to your roof, this is the case. If your solar power system is mounted on a wall or ground, and if it has a separate surface, then you will also need coverage. While homeowner’s policies typically cover solar panels that are connected to your home and other types of insurance, companies handle these things differently. To find out if you require additional insurance, contact your insurer. It can be complicated to increase your coverage or get a different policy. Always ask before you make any decisions. Remember to maintain your solar panel. As with installing them, you should only trust professionals.

Wrap up: How solar panels can affect your home insurance

There are many ways solar panels could affect your home insurance policy. Although specific details may differ from one company to another, they will generally be the same. Your insurance policy will also be affected by how the solar panels were installed. Therefore, it is best to contact your insurance company . Installing solar panels in Florida is a great investment over the long-term. We hope that you find this explanation on how solar panels impact home insurance useful.

This post was written by a professional at Red Solar. Red Solar was started with the mindset of renewable energy being the future. We want everyone to travel through this transition. We can all agree that solar is the best way to reduce your carbon footprint, but it’s not the only way. During a Red Solar energy evaluation, all energy commons in your home will be analyzed for results. Our expert technicians will guide you through the process for better understanding and reassurance. Contact us for more information today!

admin