We are seeing an uptick in People installing Solar Equipment and or Artificial Lawns to their homes and businesses.
Solar Equipment:
- Solar equipment can be either leased or bought outright. A typical lease states the user must indemnify for repairs beyond normal maintenance. In either case, check with the Insurance Co. Underwriter on how they want to increase coverage. Some are increasing it by Dwelling/Building limits and others are requesting it to be added by Endorsement. Ask the client if it is attached to the roof or a separate standalone structure. If it is a standalone structure, remember to increase the “Other Structure” limits or by Endorsement. The point being, the Solar Equipment adds overall value to the Risk and needs to be accounted for in the risk valuation. We don’t want to be short changed if the property is destroyed, i.e. fire.
Artificial Lawn:
- Artificial lawns are still classified under Tress, Plants & Lawns extension of coverage. There are financial limitations for lawn coverage. Most Dwelling or Business policies have a maximum lawn allowance of $500.00 to $1,000.00. Artificial lawns are not cheap, so inquire with the client on costs. The lawn will need to be a “Scheduled Item”. There is a new trend of Artificial Lawns being stolen.
On behalf of John Manning & The Claims Team