Renewable Energy Systems

Renewable Energy Systems Insurance for Natural Persons

Insurance can be taken out for durations between 1 and maximum 6 years, for new or already installed renewable energy systems (but not more than 2 years old), at a very good price, without being conditional on the existence of a PAD policy and an Optional Home Insurance.

Insurance can be taken out by natural persons for systems whose value with VAT does not exceed 150.000 lei.

Renewable Energy Systems car powered from sun

The purpose of insurance

On-grid, off-grid and hybrid photovoltaic system consisting of panels, inverter and Smart Meter, mounting structure, cables, connectors and mounting accessories, batteries, etc.
Solar system.
Heat pump.
Electric car charging station but only together with photovoltaic panels.

Risks covered by Renewable Energy Systems Insurance

STANDARD PACKAGE

The cover is “All Risks,” meaning the insurer will pay for any loss or damage to insured equipment that occurs unexpectedly or for any unforeseen reason, except for the exclusions listed below.

To better understand this type of insurance, we encourage you to schedule an appointment with a Destine Broker consultant, here.

COVER
EXCLUSIONS

COVER

Coverage includes damages caused by, but is not limited to:

Natural phenomena (storm, hail, flood, windstorm, earthquake, weight of snow or ice cover, landslides, rock or earth falls, landslides or landslides, avalanches, etc.).
Burglary or robbery, vandalism (whether or not occasioned by theft).
Accidental damage to insured objects.
Electrical phenomena, produced by electric arcs, induction, short circuit or overvoltage.
Fire, lightning, explosion, falling aerial or ground objects, etc.

EXCLUSIONS

Among the EXCLUSIONS, we list:

Damage as a result of research, testing or intentional overloading.
Damage to insured equipment resulting from:
– normal wear and tear due to the operation / functioning of the insured equipment.
– corrosion, decomposition, oxidation, cavitation.
– cleaning, deposits or other sediments.
Claims for compensation made as a result of any defect or damage covered by the manufacturer’s or distributor’s warranty.

The full list of exclusions and their definition can be found in Conditions of Insurance.

Territoriality

The insurance covers insured events produced by renewable energy systems installed on the territory of Romania.

In addition to the cover included in the Standard Package, the customer can choose from other useful coverages depending on the insurer selected, such as:

Additional expenses related to the prevention/limitation/production of Insured Events

The following are also indemnified within the limit of 15% of the insured amount of the insured equipment:

Expenditure to prevent an imminent insured event.
Expenses in connection with limiting the effects of an insured event.
The cost of dismantling and/or relocating the insured equipment.
Expenses in connection with the clean-up (removal of debris) of the place where the damage occurred.

Additional energy purchase costs while the breakdown is being repaired

If an Insured Event occurs, the policy also covers additional costs incurred from the loss of energy production and its purchase from the electricity supplier during the repair period.

Damage to insured event cover

The policy compensates damages up to 20,000 RON to the roof on which the insured equipment is permanently mounted, if the roof damage results from the same Insured Event that caused damage to the equipment.

Roof damage - caused by theft of insured equipment

Up to RON 20,000 is covered for the cost of repairing the roof, if the damage was caused by burglary or theft of permanently mounted equipment.

Damage to other property of the Insured by falling panels

The policy covers up to 20,000 RON for the costs of repairing damaged property owned by the Insured, if the damage results from falling panels that are part of the photovoltaic/solar installation due to an Insured Event.

Third Party Liability Insurance

The policy also covers up to 50,000 RON for the civil liability of the Insured for property damage caused unintentionally by the insured equipment to third parties and their property, including Property Damage and/or Bodily Injury.

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Renewable Energy Systems

Key characteristics