How Does Adding Solar Panels to My Home Affect My Homeowners Insurance Coverage and Premium?

Like any addition to your home, solar panels add to your home’s insurable value. You will want to contact your agent to discuss exactly what the insurable value change is for your specific situation. Also, some insurance companies exclude solar panels altogether. You will want to confirm your Insurance company does not exclude them as you may need a new policy to assure the panels are covered.

Depending on the size of the solar system you are having installed you may need to increase your liability limit as well. You will want to check with the solar installation company on the liability requirements for the specific system you are considering. Your agent can either increase the amount of liability you have on your policy or they can provide an excess liability policy to meet that requirement. 

We work directly with many solar installation companies and we are a great resource for understanding the Solar Panel insurance question.

Whether you want just the minimum amount of coverage, or full coverage, the Florida insurance agents at Kirstein Insurance Services are here to help you. We’ll discuss your situation, identify your needs, and provide you with multiple quotes from the top insurance companies. All you need to do is give us a call and we’ll get started finding the right solar panel insurance policy for you.