Solar Installations and Insurance: Is Your Scheme Properly Covered?
With more Community Schemes installing solar panels and inverters, selecting the right insurance policy has never been more critical.
Choosing the cheapest premium might save upfront, but it could leave owners exposed and Scheme Executives liable if cover is insufficient or inappropriate.
Key points to consider:
- Solar panels and inverters are permanent fixtures and should be included in the building’s sum insured.
- Ensure the policy includes adequate cover for power surges, theft, and weather- related damage.
- Confirm that the installation is SANS-compliant, with any required engineer’s
certificates in place. - Understand common exclusions like defective design, poor workmanship, or wear and tear—these won’t be covered.
- Review and update your policy annually as installations and values change
ANGOR partners with experienced brokers to help Scheme Executives find insurance policies that match their scheme’s value, risk profile, and specific needs – not just the lowest quote.
If you’re planning a solar installation or reviewing your current cover, speak to your broker or managing agent to ensure your policy meets the scheme’s needs.