Is it necessary to insure solar panels?

Insuring your solar panels as part of your property insurance is important. Do I need solar panels insurance? If you need additional assistance arranging your insurance, find out how Towergate's teams can support you.

What is solar panel insurance?

Solar panel insurance is cover that protects you from the financial blow of your system getting stolen, damaged, or destroyed in numerous specific ways. If you successfully claim on solar panel insurance, you’ll get a payout to help you to repair or replace your system.

How do I choose the best solar insurance?

Consider the following points when selecting the best solar insurance: Evaluate the insurance cost, or in the case of home insurance, understand how it may impact overall pricing and solar panel coverage. Determine if the insurance provides comprehensive protection for solar panels or if its coverage is limited.

Should I tell my home insurance provider if I have solar panels?

At Sunsave, we strongly recommend that you tell your home insurance provider once you have solar panels, just like you would after any other significant modification to your property. It may increase how much you pay for insurance, as solar panels can raise the value of your home.

How much does solar panel home insurance cost?

The annual cost of solar panel home insurance ranges from £118 to £152, which seems reasonable compared to the potential risks. Once you decide to install solar panels, inform your home insurer. Solar panels contribute to rebuilding your home's value, so it's important to list them in the insurance coverage.

Do solar panels increase home insurance premiums?

Contrary to what some might expect, installing solar panels does not usually lead to an increase in home insurance premiums, as they have become quite standard. However, the addition of solar panels can increase the value of your property, which might affect the insurance bracket into which your home falls.