Solar Power and Home Insurance

If you want to install solar panels, you will want to know if your home insurance provides coverage for them. After all, home insurance is quite expensive, and you will want to make sure you are being provided the coverage that your home requires. Let’s take a look at whether or not solar power increases insurance coverage with Wasatch Preferred in Sandy, UT.

Things to know about solar power

If you are going to power your home using solar power, it is highly advised that you have the solar panels installed on your roof. Once the panels are in place, they will most likely be considered a part of your home, therefore, meaning they are covered by most home insurance policies. In fact, adding the panels to your roof likely means you won’t even have to add a ‘rider’ to your policy, and it generally will not increase your premiums. 

Even though many home insurance policies will cover solar panels if they are installed on your roof, there are certain types of panels that require additional coverage. For example, ground-mounted solar panels will more than likely require that you add a ‘rider’ on your policy. Solar panel carports will many times also require a ‘rider’ to be added to your policy. 

Once you add a solar panel system to your home, remember that you may need to increase the overall maximum coverage limits of your policy. Solar panels are expensive and depending on how many you have installed; you may require more coverage to ensure a payout would be adequate if a claim is filed. 

To learn more about solar panels and home insurance, please don’t hesitate to contact Wasatch Preferred serving the Salt Lake City and Sandy, UT areas today.