What Insurance Companies Cover Solar Panels in Florida?
![Man holding tiny home in his hands](https://axiasolarusa.com/wp-content/uploads/2024/06/man-holding-yellow-house.webp)
If you plan to invest in solar panels, insurance can help ensure costs are covered if your system is damaged. But what insurance companies cover solar panels, and are there any Florida solar insurance requirements you should be aware of? Below, we’ll answer these questions and help you find the right insurance company for your solar system and budget.
Solar Panels and Insurance in Florida
When it comes to Florida homeowners insurance and solar panels, it’s a complicated issue. Some insurance companies consider solar panels an added risk and might refuse coverage or cancel existing policies. The extent of coverage can differ between insurance companies, especially regarding hurricane protection, which is a major concern in Florida. Coverage terms may also vary based on whether the panels are installed on the roof or freestanding, possibly requiring separate policies or adjustments to existing ones.
![Florida home with solar panels](https://axiasolarusa.com/wp-content/uploads/2024/06/2-story-red-garage-panels.webp)
![Solar panels on roof with palm in background](https://axiasolarusa.com/wp-content/uploads/2024/06/black-roof-wood-slats-panel-top-palm-tree.webp)
Solar-Friendly Insurance Carriers
Despite the potential added risk of solar panels, there are insurance companies that cover solar panels in Florida. These include
Have Questions About Solar Installation?
Are you considering solar installation but have questions or uncertainties? We can help! Our dedicated support team is ready to provide you with the information and guidance you need along your solar journey. Schedule a free consultation today to discuss your solar options.
Non-Solar-Friendly Insurance Carriers
Some Florida insurers won’t cover solar panels or will drop coverage entirely for homeowners who install solar them. They may see panels as an increased risk because they’re susceptible to damage from severe storms and hurricanes that are common in Florida. Insurers may also find it challenging to price coverage and assess claims because evaluating panel conditions can be difficult. Here are two popular insurance companies that don’t cover solar panels in Florida.
![Tiny home next to papers](https://axiasolarusa.com/wp-content/uploads/2024/06/hand-on-wood-model-house-sign-doc.webp)
![Man and woman on computer](https://axiasolarusa.com/wp-content/uploads/2024/06/couple-couch-laptop.webp)
How to Find a Solar-Friendly Insurance Carrier in Florida
Finding an insurance company that covers solar panels is a crucial step in every solar journey. Below is a guide to help you find the best insurance company for your investment.
Do You Need Your Solar Panels Insured?
If you have a solar system bigger than 10kW, Florida solar insurance requirements state you must have tier 2 homeowners insurance. Utility companies will need proof of a PLP of one million dollars. Discuss your system’s size with an insurance company to determine if tier 2 insurance is necessary.
Why Should You Insure Your Solar System?
Insuring your solar system is crucial for protecting both you and your investment, offering peace of mind in the event of potential damage. Here are some reasons why insuring your system is a good idea.
Local Power Companies May Require It
Many local power companies require solar panel owners to purchase insurance for their interconnection agreements. These agreements typically state that the system owner must have insurance coverage to protect against possible risks.
Excess Liability Policies
Insuring your solar system may also give you access to excess liability policies that add an extra layer of protection beyond standard coverage. These policies protect you against liability claims related to your solar installation, such as property damage, bodily harm, and legal expenses.
Protect Your Investment
Solar installation is a large investment, and any damage may cost a lot of money to repair. By covering your system, you reduce the financial risk caused by potential damage from events like severe weather, vandalism, or accidents.
Ready for Installation?
If you want to switch to solar energy in Florida, now is the perfect time to work with Axia by Qcells. Our commitment to quality and expert installation services ensure an easy and stress-free transition to solar energy. Contact us today to take the first step towards a more energy-independent future.