Can I claim insurance if my photovoltaic panels are stolen

What should I do if my solar panels are stolen?

Ensure your homeowner’s insurance policy covers your solar panels in case of theft. Some solar panel owners choose to install GPS tracking devices on their panels, allowing them to be tracked and located if stolen. Ensure your solar panels are professionally installed.

Do I need insurance for a solar panel system?

In most cases, there is no need to get additional insurance to cover your solar panel system. However, since solar is worth thousands or even tens of thousands of dollars and can add around $10,000 to $30,000 of value to your home, we might recommend raising your coverage limit to cover the cost of your home with the solar panel system.

Does home insurance cover rooftop solar panels?

Yes, most home insurance policies do cover rooftop solar panels. By installing solar panels you are enabling your house to produce its own electricity. These rooftop solar panels are usually considered a permanent attachment to your property, similar to a patio or a security system and can, therefore, be considered a form of home improvement.

Do solar panels get stolen?

If not, you’re not. Oftentimes they won’t even raise your premium. Solar panel theft is extremely rare in the U.S., but it happens. It also usually happens on properties with ground-mounted systems (thieves are lazy). In Europe, where solar is much more prolific, solar panel theft is a more common phenomenon.

What is covered by solar panel insurance?

Here are some of the things that are typically covered by solar panel insurance: Some policies may also cover the cost of repairing or replacing your solar panels if they are damaged by a power surge, lightning strike, or other electrical event. Here are some additional things to keep in mind about solar panel insurance:

Do solar panels affect home insurance?

As with any alteration to your home, solar panels can and will change the cost of home insurance. The total cost of your homeowner's insurance is based on the value of your property. This value includes the structure of the house as well as the belongings kept inside.