Insurance Claim Resolution
As the solar industry matures, insurance for solar assets is also maturing. There has been as significant hardening of solar specific insurance products, with premiums as much tripling in the last few years. To make matters worse, some insurance providers are no longer offering certain coverages or pulling out of the market segment altogether. These trends are primarily attributed to a pattern of severe weather events which have resulted in costly property and casualty claims for distributed generation and utility scale solar projects.
With the ever changing landscape of solar insurance claims, one thing is certain, solar system owners and asset managers looking to file an insurance claim because of a severe weather event, will need to be diligent in their documentation and processing of claims. to be sure to do your due diligence and work with a contractor that can react quickly to help process the claim, and close out your project without issue so you can be reimbursed for your claim.
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Through our expansive network of solar equipment providers, we can help source like for like equipment to fit your replacement needs which means you open and close your claim quickly and efficiently.
Case Study
In summer of 2018, we worked with a large asset owner/investor who had sustained hail damage on two of its community solar assets in the Colorado Front Range. ​Our team quickly worked with the customer to provide a plan of action to get thousands of damaged solar panels up and running in less than 8 weeks from the time to storm hit to the time the project was completely back up and functioning.