Solar Warranties

Extended Warranty

1. Extends the manufacturer's warranty. Both the modules and inverters are extended with a maximum of 25 years:
   • During the manufacturer's warranty period. During this period the manufacturer pays the for new material. The insurance pays for labour and transportation costs.
   • If the manufacturer is bankrupt. After a manufacturer has gone bankrupt the insurance covers the costs of labour, material and transportation.
   • After the manufacturer's warranty period. In this case the insurance covers the costs of labour, materials and transportation.
2. The warranty remains even after the manufacturer is bankrupt.
3. Project Based.
4. The premium will be approximately 15,000.00 euro's per MW, per year. In the case of a service contract these expenses will be decreased by the extended warranty. 
5. HDI-Gerling is a German based international insruance company with a A+ rating.
6. Bankable in Euro countries as well as the United Kingdom.

Warranty bond

1. The bond follows 1 on 1 the manufacturer's warranty contract.
2. The bond has a duration of 25 years and cannot be cancelled.
3. The coverage remains even when the manufaccturer is bankrupt.
4. Bankable all over the world.
5. Swiss Re is an international A + rated insurance company working together with a local fronting company.
6. In Italy clients pay less interest on a loan at Unicredit.
7. Project based.
8. The premium will be approximately 8% over the total value of the modules.
9. It is possible to choose for a yearly payment or at once.
10. Premium can be paid by the manufacturer and/or the client.

Warranty insurance

1. Is backing up the manufacturer's warranty.
2. Policy is finished when the manufacturer is bankrupt.
3. The premium is due in advance for the entire exported production.
4. Munich Re is an international insurance company.
5. Bankable all over the world.
6. The premium will range from 1,5% up to 4% and will be calculated based on the total value of the exported production.
7. The premium must be paid by the manufacturer.

Insurance backed warranty

1. The maximum expected claim is insured.
2. A duration of 25 years which cannot be camcelled.
3. Coverage remains even when the manufacturer is bankrupt.
4. Bankable mostly in Anglo-Saxon countries.
5. The premium is determined by 25% of the maximum expected claim.
6. The premium must be paid by the manufacturer.

Which insurance procuct suits your situation best depends on several factors. Among others the country in which you produce. The country in which the project is realised. The applied technology. And the size of the project together with the production volume.

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