Photovoltaic insurance

Many homeowners install photovoltaic systems to generate electricity on their own house roof. Smaller solar systems are usually insured up to certain maximum amounts in the existing building insurance against fire, storm and lightning. Systems on commercial premises or open spaces require a separate insurance policy.
insurance. In principle, a permanently installed photovoltaic system increases the value of the property - there is a risk of underinsurance. If one does not adjust the insurance cover in time in the event of such an increase in value, the building insurer will not fully reimburse possible damages later on. Anyone planning a solar installation should therefore contact their building insurer or a specialised photovoltaic insurer at an early stage and clarify to what extent the insurance cover needs to be adjusted.

Some insurance companies now offer special photovoltaic insurance packages. The risk protection of these policies is much more extensive than in simple building insurance. Depending on the scope of the contract, the photovoltaic insurer also compensates for damage caused by operating errors, vandalism, theft, sabotage, overvoltage in the power grid, short circuits and marten bites on power lines. In the event of damage, clean-up and disposal costs, masonry work and costs for scaffolding and working platforms are also reimbursed. The insurer also covers damage caused by faulty construction, materials and workmanship.

As the owner, you are responsible for the safety of your solar system - if your photovoltaic insurance also includes liability cover, you are on the safe side financially if, for example, people are injured by falling splinters from a bursting glass cover. Before taking out your own liability cover for the solar system, however, you should check whether and to what extent protection already exists in your personal liability insurance or in your home and property owner's liability insurance. Depending on the provider, the photovoltaic policy can, if desired and usually for an additional premium, even include insurance for loss of income if the solar system is at a standstill until damage is repaired.

Risks exist right from the start of the construction phase, both for a private installation and in the commercial sector, whether a workshop or an open-air site. Therefore, insurance cover should be in place from the start of construction.