Solar panels are becoming increasingly popular across the United States. They allow homeowners to generate their own electricity while reducing their environmental footprint. However, these systems can be vulnerable to fires, severe weather, and vandalism. It’s crucial to determine if your home insurance covers solar panels and to upgrade your coverage if needed.
Attached Panels
In the St. Petersburg area, most residential panels are mounted on roofs. This installation method is space-efficient and minimizes the risk of shadows blocking sunlight. If you have this type of system, your policy likely covers it. Home insurance typically covers most equipment and structures directly attached to a house. However, it is important to review your policy for exclusions and limits.
Separate Panels
If your solar panels are installed on poles or an outbuilding like a shed, you’ll need to ensure you have adequate Other Structures coverage in your home insurance. Keep in mind that different limits usually apply to this part of a policy, which covers buildings not attached to your house, such as a garage.
Coverage Level
Remember that photovoltaic panels can significantly increase your home’s value, especially if you install enough to power the entire house. A policy that adequately covered your house in the past may now be insufficient. Even if you already have the appropriate types of insurance, it’s advisable to discuss your coverage limits with an agent.
Dependable home policies that cover solar panels are available from the insurance experts at Mangrove Property and Casualty Group. Our experienced agents are ready to assist you. For quotes or more information, please get in touch with Mangrove Property and Casualty Group at our St. Petersburg, FL office.