Protection for tenant electricity solar installations
Comprehensive insurance coverage for your tenant electricity solar system. Protect your investment and earnings against unforeseen risks. nextsure offers tailored solutions for operators of tenant electricity models.
Loss of income insured
All-risks coverage
Digital Claims Settlement
What is a tenant electricity solar insurance and why is it essential?
Covers specific risks of tenant electricity projects.
Secures investments and long-term profitability.
Protects against financial consequences from damages or failures.
Provides security for landlords and tenant associations.
The all-risk coverage: Comprehensive protection for your tenant electricity solar system
The all-risk coverage is the cornerstone of a solid tenant electricity solar insurance and offers the most comprehensive protection for your photovoltaic system within a tenant electricity model. Unlike insurances that only cover explicitly named risks, all-risk coverage protects your system against almost all unforeseen damage and destruction unless they are explicitly excluded in the contract. This typically includes damage caused by operational errors, clumsiness, negligence, vandalism, theft of system parts, animal bites (e.g. marten bites), short circuit, overvoltage, fire, lightning strike (direct and indirect), explosion, storm, hail, frost, snow pressure, and flooding. For operators of tenant electricity systems, this means significant risk minimization, as the investment in solar technology and the resulting electricity yields are extensively secured. When selecting your policy, pay attention to the exact exclusions and deductibles to ensure optimal insurance coverage tailored to your tenant electricity project. nextsure supports you in understanding the details of all-risk coverage and finding the right protection for your solar system.
Your advantages with nextsure
Tailored protection for your tenant electricity project
Solar Protection
Comprehensive coverage for your entire PV system.
Secure Yield
Protection against financial loss of earnings.
Haftpflicht Pro
Protection against third-party liability claims.
Installation Risk
Insurance coverage already during installation.
Digital Plus
Simple online conclusion and digital contract management.
Expert Team
Expert advice for your specific needs.
Lightning protection
Protection against overvoltage damage caused by lightning strike.
Theft Vandal
Protection against theft and malicious damage.
Animal Bite Active
Cover for damage caused by animal bites and marten bites.
Comprehensively, digitally, and transparently insured.
Ready for optimal protection?
Request your personalised quote!
Loss of Earnings Insurance: How to Secure Your Income from Tenant Power
Generating continuous income is central to the profitability of any tenant electricity project. However, if your solar installation suffers an insured loss causing an operational interruption or reduced performance, significant financial losses can occur. This is precisely where the loss of earnings insurance for tenant electricity solar installations comes into play. It compensates for lost revenues that arise from the stoppage of electricity production during the repair or restoration phase. The insurance sum and the compensation duration are usually calculated based on the forecasted electricity yields and expected downtime. Typical insured causes for a loss of earnings include technical defects, damage from natural events, or vandalism, which are covered by all-risks insurance. For operators of tenant electricity models, this protection is particularly important, as not only their own revenues are affected, but also the obligation to supply electricity to tenants remains. A powerful loss of earnings insurance bridges this financial gap and secures the liquidity of your project. nextsure helps you determine the appropriate coverage level and the optimal conditions for your loss of earnings insurance.
Liability risks in tenant electricity models: The operator's liability insurance
The operation of a tenant solar power system involves not only technical and financial risks but also specific liability risks. As the operator, you are responsible for ensuring that your system poses no danger to third parties. Operator liability insurance is therefore an essential component of insurance coverage for tenant electricity projects. It comes into play if your solar system causes injury to people, damage to property, or financial loss, and you are held liable. Examples could include falling system parts injuring pedestrians or damaging vehicles, or damages to the building due to faulty installation or operation. In the context of tenant electricity, liability to tenants is also relevant, for instance, during power outages caused by operational errors of the PV system that result in damage to the tenants. The operator liability insurance reviews claims made against you, rejects unjustified demands, and provides compensation for justified claims. nextsure analyses your tenant electricity model's specific liability risks with you and designs customized operator liability coverage.
Damage to the solar system: What risks are covered by the tenant electricity solar insurance?
The tenant solar insurance is designed to cover a wide range of risks that could lead to damage to your photovoltaic system. The core of the coverage is usually an all-risks policy that provides protection against unforeseen damage or destruction. The typically insured risks include natural events such as storms, hail, lightning (direct and indirect effects due to overvoltage), snow pressure, and frost. Furthermore, damage caused by fire, explosion, short circuit, and overvoltage from other causes is often covered. An important aspect, especially for accessible systems, is the protection against theft of modules or other components as well as vandalism. Operational errors, clumsiness, or negligence may also be insured. Damage from animal bites, for example, by martens on cables, is also frequently included. Technical defects, such as material or construction errors, may also be covered depending on the policy and the age of the system. It is crucial to examine the exact contract conditions to understand the scope of coverage and any possible exclusions (e.g., intent, normal wear and tear). nextsure provides detailed advice on which specific risks are relevant for your tenant solar system.
Choosing the Right Tenant Electricity Solar Insurance: What You Need to Consider
Selecting the right tenant electricity solar insurance requires careful consideration of various factors to ensure that your project is comprehensively and appropriately covered. Firstly, the sum insured is crucial: it should correspond to the new value of your entire system, including installation costs, to allow for complete restoration in the event of total loss. Consider the amount of the deductible in the event of damage – a lower deductible means higher premiums but offers lower out-of-pocket expenses for damages. Examine the scope of coverage carefully: all-risk coverage is usually recommended. Compare which specific risks (e.g., internal operating damages, gross negligence, loss of earnings) are included and what compensation limits apply. For tenant electricity projects, clauses on operator liability and coverage for loss of earnings are particularly important. Also, take into account the contract duration and notice periods. Another key point is the quality of service and the speed of the insurer's claims settlement. Obtain several offers and compare not only the price but above all the services. nextsure supports you as an independent expert in the assessment.
Guide
Tenant Electricity Risks in Detail
Checklist
Choice of Insurance
Case Study
Successful Project Assurance
Installation and Assembly Insurance for Tenant Electricity Solar Systems
Significant risks can arise even during the construction phase of a tenant electricity solar plant. The installation and assembly insurance provides specific protection for this critical period before the actual operational insurance becomes effective. It typically covers unforeseen damage that occurs during the assembly, installation, and commissioning of the plant. This includes damage caused by assembly errors, installer clumsiness, theft of already installed or site-stored plant components, vandalism, as well as damage from force majeure such as storms or heavy rain during the construction phase. This insurance protects the investor or operator from the financial consequences of such events, which can lead to significant additional costs and project delays. The insurance sum should cover all material and assembly costs. Often, assembly insurance can be integrated as an additional module into the later tenant electricity solar insurance or taken out as a separate policy for the construction period. nextsure advises you on whether and to what extent assembly insurance is sensible for your tenant electricity project to ensure comprehensive coverage from the start.
Legal Requirements and Insurance Obligations for Tenant Electricity Projects
The operation of tenant electricity models in Germany is subject to various legal requirements and frameworks, which may also include insurance-related aspects. Although there is no general legal obligation to take out a specific tenant electricity solar insurance, various laws and regulations can result in indirect needs or at least urgent recommendations. For example, the operator of a power generation facility is fundamentally responsible for its safety and liable for damages caused to third parties (e.g., according to § 823 BGB). Therefore, operator liability insurance is practically indispensable. Funding programs, such as those offered by KfW, may also include certain insurance requirements as a prerequisite for granting loans or subsidies. Additionally, it is in the operator's own interest to secure their significant investment and the expected returns. Contracts with tenants for electricity supply also entail obligations, non-fulfillment of which (e.g., due to plant failure) can have financial consequences. It is advisable to inform yourself early on about all relevant legal provisions. nextsure supports you in keeping track of everything.
Claim: How does the process work for tenant electricity solar insurance?
If damage occurs to your tenant electricity solar system, a quick and structured process is crucial to minimise downtime and ensure speedy financial settlement. The first step is always to report the damage immediately to your insurer, nextsure. Document the damage as thoroughly as possible: take photos or videos of the damaged parts of the system and the immediate surroundings. Take immediate action to reduce damage, provided it can be done without personal risk. Gather all relevant information and documents, such as the purchase receipt of the system, technical data sheets, maintenance logs if applicable, and in case of theft or vandalism, a copy of the police report. Your insurer will inform you which specific documents are required for processing and whether an assessor will be appointed to evaluate the damage. Obtain repair quotes from qualified technicians and coordinate these with the insurer before issuing work orders. Transparent communication and the complete submission of all required documents significantly speed up the settlement process. nextsure is at your side as a competent contact in the event of a claim.
What distinguishes the tenant electricity solar insurance from a regular PV insurance?
The costs for a tenant electricity solar insurance, i.e., the insurance premium, depend on a variety of factors and are calculated individually for each project. A significant factor is the sum insured, which generally aligns with the new value of the entire solar system, including all components and installation costs. The location of the installation also plays a role: regions with a higher risk of natural hazards can lead to higher premiums. The chosen scope of coverage is also crucial – comprehensive all-risk coverage, including loss of earnings and operator liability, is more expensive than basic coverage. The level of the agreed deductible directly affects the premium: a higher deductible lowers the premium. Technical features of the system and implemented safety precautions can have a premium-reducing effect. Finally, the claims history of the policyholder and the duration of the contract are also included in the calculation. nextsure will create a transparent and individual offer for you, considering the specific circumstances of your tenant electricity project and aiming for an optimal price-performance ratio.
