Solar insurance refers to policies that cover damage to solar systems, including solar panels or other equipment. These policies are categorized into property insurance, business interruption insurance, liability insurance, equipment breakdown insurance, and warranty insurance. They typically cover a range of risks, including damage or loss of equipment due to theft and natural disasters, such as storms or fire. Due to the increasing adoption of solar energy, the number of large-scale solar projects is increasing worldwide. Considering the risks involved in such projects, the demand for solar insurance is rising, thus boosting the growth of the market. However, insurance policy costs depend on various factors, such as the size of the project and its location.
It is expected that the solar insurance market will grow at the fastest rate in the coming years. This is mainly due to the rising demand for solar panel warranty insurance. As more homeowners and businesses invest in solar panel installations, the demand for solar panel warranty insurance increases. Moreover, rising demand for customized insurance policies and partnerships between manufacturers of solar systems and insurers create immense opportunities in the market.
Solarif, ADF Insurance Brokers, Anora Agency, Ara's Hourzad Mechatronic, Industries, Assicurazioni Generali, Atlantic Union Gen, Aviva, Axelent Partners, Blackfriars Group, Canopius, Chubb, Coveris, Daulby Read, Energetic Insurance, Energi Insurance Services, GCube Insurance Services, Global Insurance Brokers, Helvetia, Horton, HSB, Hybrid Financial, Lockyers, Marsh, Naturesave, NCI, NVECO, Nviro Insurance, Owen-Dunn, Park Insurance
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Published by Yogesh Kulkarni
