Can You Get Insurance with Solar Panels Installed?

Types of Insurance Available

When installing solar panels on your property, you’ll need to consider two main types of insurance: homeowners insurance and title insurance. Homeowners insurance typically covers damage to the solar panels and the electrical system, while title insurance protects against any issues with the property’s title, such as liens or disputes over ownership. To obtain homeowners insurance, you may need to provide documentation of the solar panel installation, including the manufacturer’s specifications and the warranty period.

Title Insurance Considerations

Title insurance is particularly important when dealing with solar panels, as it can affect the property’s value and ownership. When purchasing a property with existing solar panels, title insurance can help protect against any issues that may arise from the installation, such as unpaid liens or disputes over the system’s ownership. For example, if a contractor has placed a lien on the property for unpaid work on the solar panel installation, title insurance can help resolve the issue and ensure that the property’s title is clear. In some states, a property lien is automatically placed on the title when a solar panel system is installed, requiring special title insurance coverage.

Specialized Insurance Policies

Some insurance companies offer specialized policies for homes with solar panels, which can provide additional protection against damage or loss. For example, a solar panel insurance policy may cover damage to the panels or the electrical system, as well as any issues related to the installation or maintenance of the system. These policies can be more comprehensive than standard homeowners insurance and may be required by lenders or mortgage companies when financing a property with solar panels. When shopping for insurance, look for policies that specifically cover solar panel systems and have experience working with these types of installations.