Solar panels and backup batteries have become a familiar sight on roofs across Orange County, from older homes near downtown Hillsborough to newer neighborhoods off US-70. Utility programs and longer power outages have pushed many homeowners to add both. Once the installers pack up, though, a practical question remains: how does a homeowners policy treat all that new equipment?<\/p>\n
Either way, a solar system adds replacement value. If your dwelling limit wasn’t updated after installation, it may no longer reflect the true cost to rebuild.<\/p>\n
Ownership changes the picture. If you bought the system outright or financed it, it’s typically your property to insure. If it’s leased or covered by a power purchase agreement, the solar company usually owns the equipment, and the contract may spell out who insures what. Read that agreement carefully and share it with your agent.<\/p>\n
Covered events like hail, wind, falling limbs, and fire are a different story. Some policies also offer equipment breakdown coverage that can help with sudden electrical failures.<\/p>\n
Installing panels on an aging roof can complicate future claims and replacements, since panels may need to be removed and reinstalled. A roof inspection before installation is worth the effort. Our post on protecting your biggest investment<\/a> covers more homeowner basics.<\/p>\n Knight\/Payton Wilson Insurance in Hillsborough, NC can review your home insurance<\/a> after a solar installation and help adjust your coverage. Homeowners in Hillsborough, NC and across Orange County can reach out to Knight\/Payton Wilson Insurance<\/a> with questions.<\/p>\n","protected":false},"excerpt":{"rendered":" Solar panels and backup batteries have become a familiar sight on roofs across Orange County, from older homes near downtown Hillsborough to newer neighborhoods off US-70. Utility programs and longer power outages have pushed many homeowners to add both. Once the installers pack up, though, a practical question remains: how does a homeowners policy treat […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[5,11,7,19],"class_list":["post-93","post","type-post","status-publish","format-standard","hentry","category-home-insurance","tag-hillsborough","tag-home-insurance","tag-knight-payton-wilson-insurance","tag-orange-county"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t