Insurance during the operational phase

1. Solar PV Insurances.
   We have several Solar PV Insurances. Depending on the type of Solar PV Insurance the insurance consists of the next components:
   • All Risk.
     With this insurance all damages caused by external forces are covered. Among others:
     • Fire, theft and vandalism
     • Water damage, hail damage and snowpresure
     • Lightning strike
     • Animal bite
     • Inherent defect
     • Repair costs (labour and call-out-changes)
   • Loss of production.
     • With this insurance loss of production caused by external forces or inherent defects is covered
     • Loss of production is really intended for cases where spare parts are not in stock or where delivery times are long
     • From April untill October the compensation is EUR 2.00 per KiloWattpeak (kWp) per day. Outside these months the compensation is EUR 1.00 per kWp per day
     • Payment starts after 7 days downtime with a maximum payment period of 26 weeks
   • Terms and conditions.
     • Premium will be calculated based on the total invoice value of the installation including costs of installation and VAT if the latter can not be settled by the applicant
     • No depreciation
     • Claims due to terrorism , war, nuclear reactions, earthquake, volcanic eruption and flood are excluded
     • Typhoon, hurricane and tornado are also excluded
     • Premiums are to be paid annually
     • The installation can be insured for a maximum period of 25 years    
2. Reduced yield
   This insurance covers against reduced yield of the installation including lack of sun.
    
3. Liability.
   Businesses must always have liability insurance. There are two types of liability.
   • Product liability.
     As a manufacturer, you always carry the final responsibility if your product causes damage to third parties.
   • Company liability.
     You are liable for any damage to third parties caused during the execution of your business. One example of this is that you will be held liable if panels are blown away and fall on someone’s head.
4. Warranties
   • Performance output guarantee. 
     This insurance solution offers solar module producers a greater degree of business certainty and allows operators of solar plants to finance photovoltaic installations more easily. This guarantee means that the output capacity is not only guaranteed, but actually insured for 25 year and provides coverage for any performance output deterioration for 90% in the first 10 years and to at least 80% over the remaining 15 years. Click here for the brochure (pdf).
   • Extended Warranty. 
     Extend the product guarantee of your panels and inverters on project level up to 25 years. Click here for the brochure (pdf).

More about Solarif's insurances during the construction phase.

Would you like to request a quote, make an appointment or receive more information? Please contact us.