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Does installing solar panels invalidate your insurance?

Solar Panels

A word of warning for customers who have had solar panels installed in recent months.  A few clients’ have approached me and queried whether the home insurance is invalid as a result of having the panels installed. This is a very good question.

Firstly, you will have to make your insurers aware of the installation. Failure to disclose this may invalidate your policy.

The second question to ask is whether the value of the panels takes you over the maximum amount your insurer will pay out if you make a claim. Essentially, you need to ascertain what the maximum cover is, whether this excludes anything specific and find out what the cost of the panels actually are.

In addition, your insurers will want to confirm that the installation has been carried out correctly and in accordance with Building Regulation. You should be able to confirm this with the company that installed the panels. Failure to be able to confirm this and provide evidence will almost certainly prevent your home being adequately covered.

Also ask whether the insurers will cover the actual cost for reinstalling the solar panels and not just the cost of the panels themselves.

The position is further complicated if you have solar panels installed under the ‘Free Solar Panel’ scheme, where by you effectively rent your roof out in return for using all the free electricity that is generated. In these instances you will need to look very carefully at the lease and find out who is responsible for what!

If you have any issues regarding problems with the installation of solar panels at your property why not drop me a line at wjames@fidler.co.uk or give me a call on 01623 45111. I have numerous blogs on the subject of solar panels so please also visit our website for information on this subject also.

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