With Solar Panels reaching an estimated 500,000 installs across the UK this year and the new government RHI feed-in-tariff people really are making the most of the investment that is renewable technology. It's spreading across the media like wildfire with new innovations in solar, Germany running on 50% renewable energy and even coming to popular UK supermarkets such as Ikea.
However, we haven't heard much about the complications of insuring them. Solar Panels are a serious bit of kit costing from £6000-£9000 you would hope to get some sort of insurance on them as they are supposed to last you up to 20 years. If you are thinking about having solar panels fitted in the near future, it is well worth finding out more about how and where to insure them before you start.
Coverage on Building Insurance policy
Unfortunately in some cases you won't be covered under this policy, its all down to which insurance company you're with. The common response being is that owning solar panels is (in their eyes) much like running a business because you earn money off the feed-in-tariff. Annoying as that may be there are still alternatives so not to worry my lovelies!
I would advise you to take extra care and ask the insurance provider the right questions to ensure the policy is accepted before they solar panels are installed.
The Alternatives
If you aren't covered for solar panels on your policy then the only other thing to do is go to another insurance company. Although be wary, some companies charge an extra extravagant fee while others include them with no problems at all.
According to www.solarpanels.co.uk the following insurers that are more than happy to provide cover for solar panels on a buildings insurance policy are:
According to www.solarpanels.co.uk the following insurers that are more than happy to provide cover for solar panels on a buildings insurance policy are:
Although one insurer, NFU has caused some trouble with home owners. Advertised on their website that solar panels isn't a problem when it comes to their building insurance policy when it came to talking over the phone some customers have found that they weren't able to receive cover. This could just be down to minor issues, don't lose all hope now!
More Tips
Overall the majority of home insurers are okay with insuring a house with solar panels. Although it is worth just giving your current provider a ring to check if your current policy is suitable for solar panels. If you find you wont be covered I suggest you ring round for quotes as it is best to get it straight from the horse's mouth!
I bid you adieu my dear Sirs and Madams
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