Are solar panels covered by my homeowners insurance policy?
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Asked April 23, 2015
Solar panels may be covered by your homeowners insurance policy, but it depends on the specifics of your policy and the cause of the damage or loss. In general, most homeowners insurance policies provide coverage for damage to structures on your property, including solar panels, caused by certain perils such as fire, wind, hail, and lightning. However, it's important to note that some policies may specifically exclude coverage for certain types of damage, such as damage caused by earthquakes or floods. Additionally, some homeowners insurance policies offer specific coverage options for solar panels, such as endorsement or add-on policies, which can provide additional protection beyond what is included in a standard policy. If you have solar panels installed on your property, it's recommended to review your homeowners insurance policy or speak with your insurance provider to understand the extent of coverage provided and any specific exclusions or limitations that may apply. In some cases, it may be necessary to purchase additional coverage or a separate policy to ensure your solar panels are fully protected. It's also important to note that if you lease your solar panels from a third-party provider, they may have their own insurance coverage in place, and it's recommended to review the terms of your lease agreement to understand your responsibilities and coverage options.
Answered May 5, 2015 by Anonymous