Will Installing Solar Panels Affect My Insurance Coverage?

Solar panels are fast becoming one of the best ways for homeowners to reduce their energy costs. The question that many people have is, "How will the solar panels affect their insurance coverage?" In Brownwood, TX, the agents at Robnett Integra Insurance Services have the answers to those questions and many more.

Covered by Your Standard Homeowner’s Insurance

Once solar panels have been properly installed, they are considered part of the structure of your home. As part of your home, they will be covered under your existing homeowner’s policy. If they are damaged or stolen, you will be able to file a claim against your policy.

Increase Your Coverage Amount

To make sure the solar panels are sufficiently covered, you will need to report their installation to your insurance agent as soon as possible. Solar panels are an investment and must be treated as such. This could mean increasing the amount of your coverage to ensure you are properly reimbursed if your home is lost in a fire or other devastating event.

Lower Your Energy Costs

It’s important to remember that the energy provided by your solar panels will lower your utility costs and, over time, pay for themselves. Adding a few dollars to your premium is well worth the long-term benefits.

At Robnett Integra Insurance Services, agents serve several communities near Brownwood, TX. Call the office today if you are purchasing solar panels or have already had them installed. The agents can offer you sound advice on how to effectively manage your energy costs using your new solar panels. They can also let you know if any rebates or discounts are available.