All photovoltaic systems that CUBE CONCEPTS realizes for its clients are subsequently insured. In Germany Photovoltaic insurance are not compulsory, but they make a lot of sense in the commercial sector. In the event of damage, they not only cover the necessary repairs, but also protect companies from Yield or even Operational failures. If a PV system with several hundred kWp or several MWp is down for a longer period of time due to repair work, experience has shown that the amount of damage can be considerable and may well be in the five to six-figure range.
What do photovoltaic insurance policies insure against and what are their benefits?
To minimize risk, the insurance industry has developed the Insurance requirements for commercial photovoltaic systems is already very high. The aim is to rule out many potential risks in advance. If all requirements are met during construction and operation, the continuous operation of a solar installation should function smoothly. Nevertheless, special weather conditions such as Hail, Storm, Lightning strike, Floods or particularly high Snow loads lead to the solar modules being damaged. Such damage is usually covered by photovoltaic insurance, as is damage caused by Theft, Vandalism, Operating error, Animal browsing, Firefailure of the control and measurement technology or other Short circuits and Accidents.
Which PV components are insured?
Special photovoltaic insurance policies for large-scale PV systems insure damage to almost all componentssuch as solar modules, inverters, elevations, cabling and feed-in meters. The insurance also covers - if available - associated Energy storage systems or stationary Charging stations. As some companies also own their own transformers, transformer houses, feed-in lines and transfer stations (low-voltage or medium-voltage lines), these are also part of the insurance policy, as are all components of the PV system up to the feed-in point.
What damage is covered by photovoltaic insurance?
In the case of large commercial photovoltaic systems, such as those realized by CUBE CONCEPTS, individual solutions are of course agreed with the respective photovoltaic insurance companies. In principle, however, the following always applies all repairs all PV components are covered. They also cover loss of income and operating losses. They fully compensate for the additional costs of purchasing electricity from third parties during the repair period or in the event of a total failure until restoration. Photovoltaic insurance also covers damage-related work on roofs and/or façades as well as necessary earthworks, paving, bricklaying and chiseling work or the provision of scaffolding. This means that all dismantling and reassembly costs are covered. Fire extinguishing, salvage, clean-up, decontamination and disposal costs are also covered.
Photovoltaic insurance: High security for manageable premiums
In relation to the investment costs, the possible damage and the manageable premium rates of photovoltaic insurance, which are calculated individually according to the size of the system in kWp and the components installed, the annual premiums are worthwhile in any case. The low premiums are also the result of the high requirements and standards that must be met when installing a commercial PV system. These minimize the risks during operation considerably. For this reason, CUBE CONCEPTS implements every photovoltaic system in accordance with insurance requirements and prepares an insurance policy for every commercial PV system. Purchase system all documents for the insurance company until signing. With a Contracting system The same procedure will of course be followed in the case of a new project, but CUBE CONCEPTS will assume all tasks and expenses.