Proper solar and battery backup systems that provide reasonable protection against load-shedding cost tens of thousands of rand.
However, you also run the danger of getting inappropriate or insufficient cover because navigating the terms and conditions of insurers can be a complex endeavour. If your items can be unplugged and taken with you when you move, they must be insured under a home contents insurance policy.Qualifying products include portable inverters, generators, solar panels, batteries, and uninterrupted power supplies.Examples of power trolleysNaked said there were three likely reasons for repudiating a backup power system claim.“To cover your alternative power sources, most insurers require that you have them properly installed by a qualified electrician/technician.
“Most insurers insure your items as ‘new for old’,” Naked explained. “This is known as replacement value.” “If you insure your alternative power sources for less than what they’re worth, you might not get the insurance payout you were expecting if you ever had to claim,” Naked said.Electricians mounting solar modules on roof of modern house.
Tell them that they should increase the sum insured of your unit’s building cover to explicitly cover your alternative energy valuables.This scenario is very unusual, but if you’re in a long-term rental agreement and want to install solar panels/generators, you will first have to get permission from the owner.
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Source: finweek - 🏆 19. / 63 Read more »