Many insurance companies will list the installation of solar panels as a ‘Coverage A Dwelling Value’. In order to be covered, you must endorse your insurance company for an increase in your dwelling’s value. To figure out the value, simply add the cost of your solar panel purchase to the amount your home is currently insured for. In addition to this, it’s a good idea to send photos of the solar panel installation to your insurance agent so that they have documentation of the installation. Of course, it’s always best to contact your insurance company before you install any solar panels so that you can determine whether or not you will be covered.
This entry was posted on Tuesday, November 26th, 2013 at 9:02 pm and is filed under Insurance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.