As the adoption of solar panels in residential homes soars, insurance professionals face a growing challenge: adapting policies to cover this emerging technology. With nearly 3.2 million homes already equipped with solar panels and forecasts predicting significant growth, understanding the implications for homeowners insurance is crucial.
The AAIS white paper, Solar Panels: Don’t Be Left in the Dark, dives deep into the dynamics of solar panel adoption, the technology behind it, and, most importantly, the insurance considerations that come with it. This comprehensive research provides a thorough analysis of current insurance practices, potential risks, and the evolving coverage options for solar panel installations.
Key highlights include:
- Current Adoption Trends: Insights into the rapid growth of solar panel installations and regional variations
- Technology Breakdown: How solar panels work and what components are involved
- Insurance Coverage: Detailed examination of how solar panels are covered under various insurance policies, including common exclusions and potential gaps
- Claims Data Analysis: An exploration of recent claims related to solar panels, including fire risk and damage from hail and windstorms
Whether you’re an insurer looking to refine your policies or an insurance professional aiming to stay ahead of industry trends, Solar Panels: Don’t Be Left in the Dark offers valuable knowledge to ensure you’re well-prepared for the solar revolution. This is an excellent opportunity to enhance your understanding and better adapt to the changing landscape.
Click below to download your copy.
