Renewable Energy Systems
Key characteristics
- Contract length: 1 – 6 years
- Maximum amount: 150.000 LEI (VAT included)
- “All Risks” coverage
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.
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.
Coverage includes, but is not limited to, damage caused by:
- 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.;
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.
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:
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.
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.
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.
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.
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.
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.
