Thoroughly insure solar energy
Discover the Photovoltaic All-Risk Insurance from nextsure: Maximum protection for your PV system against all risks. Find out more now and calculate the premium online!
All-risks coverage for your solar system
Income protection included
Digital processing, prompt assistance
What is a photovoltaic all-risk insurance and why is it essential?
Comprehensive protection: Covers almost all unforeseen damages.
Preservation of value: Secures your investment in sustainable energy generation for the long term.
Peace of Mind: Minimises financial risks due to damage or failure.
Specialised: Goes far beyond the protection provided by a standard home insurance policy.
Overview of coverage: What damages does the photovoltaic all-risk insurance cover?
A photovoltaic all-risk insurance provides, as the name implies, comprehensive protection against a wide range of risks that may threaten your solar system. Unlike conventional insurance, which often only covers specifically named hazards, all-risk coverage applies to almost all unforeseen damage or destruction, unless explicitly excluded. Typically covered damages include natural events such as storms, hail, lightning strikes (both direct and indirect due to overvoltage), snow pressure, and frost. Additionally, damage caused by fire, explosion, short circuits, overvoltage, and induction is covered. A significant advantage is the protection against human error, such as operating mistakes, clumsiness, or negligence. Vandalism, sabotage, and theft of the entire system or individual components (e.g., solar modules, inverters) are also insured. Animal bite damage, such as that caused by martens on cables, is also covered by insurance. Material, construction, and execution errors can be covered depending on the policy, often after the manufacturer's warranty has expired. This broad scope of coverage ensures that, as a plant operator, you are protected from the financial consequences of a wide variety of damage scenarios and that your investment is optimally secured.
Completely Protected
Our services for all-risk photovoltaic insurance
Comprehensive coverage
Comprehensive protection against almost all unforeseeable events.
Loss of earnings
Protection against financial losses due to investment failure.
Lightning Protection
Protection against direct and indirect lightning damage, overvoltage.
Theft
Insurance coverage for theft of plant parts and the entire plant.
Animal bite
Cover for damage caused by martens, rodents, and other animals.
Operational error
Protection against misuse, clumsiness, or negligence.
Elementary
Hail, storms, snow pressure, frost – your system is safe.
Vandalism
Protection against wilful damage or destruction of your facility.
Assembly error
Coverage for damages due to faulty installation or assembly.
Discover the comprehensive benefits of our specialized insurance solution for your solar system.
Secure your investment
Calculate your PV All-Risk rate now!
The decisive advantages of all-risk coverage for your photovoltaic system
Investing in a photovoltaic system is significant, so adequate insurance coverage is essential. The photovoltaic All-Risk insurance offers decisive advantages over standard insurance. The primary advantage is the all-risk coverage: instead of only covering defined risks, generally, all hazards are insured unless explicitly excluded in the contract. This provides maximum security and avoids coverage gaps. Another benefit is protection against loss of earnings. If your system fails due to insured damage, the insurance covers the lost profit from electricity generation or the additional costs for purchasing external power. This is particularly important as PV systems are designed for long-term profitability. Furthermore, consequential damages, such as costs for scaffolding, clearing work, or dismantling and reassembling defective parts, are often covered as well. The insurance not only covers external influences but also internal operational damages, operational errors, or mishandling – risks that can quickly arise in everyday life. Thanks to a specialised focus on PV systems, the insurance conditions are optimally tailored to the specific needs and risks of this technology, which is complemented by digital processes and fast claims settlement at nextsure.
For whom and when is a photovoltaic all-risk insurance particularly useful?
Generally, a photovoltaic all-risk insurance is advisable for every operator of a PV system, regardless of the size of the system – from a single-family home to a large commercial installation. It is particularly sensible if the system represents a substantial financial value and its failure or damage would lead to significant financial losses. For owners who have financed their system with a loan, the bank may even require such insurance to secure the loan. If your system is located in an exposed area (e.g., increased risk of storms, hail, or floods) or in a region with a higher risk of theft, the comprehensive protection of the all-risk policy is invaluable. Operators who depend on the income from feed-in tariffs or significantly save on electricity costs through self-consumption benefit enormously from the included loss of income insurance. Ultimately, the photovoltaic all-risk insurance provides every system operator with the assurance that their sustainable investment is protected against unforeseen events and remains profitable in the long term, without being jeopardized by costly repairs or loss of income. The digital and straightforward processing at nextsure makes the conclusion and management especially easy.
Distinction: All-risk insurance vs. residential building insurance with photovoltaic component
Many homeowners wonder whether their photovoltaic system is adequately protected by their home insurance. Often, home insurance policies offer an additional module for PV systems, but this rarely provides the comprehensive protection of a standalone photovoltaic all-risk insurance. The main difference lies in the scope of coverage: Home insurance usually only covers damage from fire, water, storm, and hail (the so-called named perils). An all-risk insurance, on the other hand, covers damage from almost all unforeseeable events, such as operator errors, animal bites, vandalism, theft of individual components, short circuits, or overvoltage even without a direct lightning strike, as well as internal operational damage. Material and construction defects are often covered as well. Another important aspect is the loss of income insurance, which is typically included in or can be optionally added to the all-risk policy, while it is often missing or only rudimentarily covered in the PV module of the home insurance. Additionally, the compensation limits and deductibles in specialised PV insurances are often more advantageous and better tailored to the specific values and risks of a solar system. For optimal and complete protection of your valuable investment, therefore, a dedicated photovoltaic all-risk insurance is usually the superior choice.
Cost factors: Which aspects influence the premium of your PV insurance?
The premium for photovoltaic all-risk insurance is determined by various factors that reflect the individual risk and value of the installation. A central cost factor is the new value or purchase cost of the entire photovoltaic system, including installation. The higher this value, the higher the insurance premium tends to be. The installed capacity of the system, measured in kilowatt peak (kWp), also plays a role since it often correlates with the value and potential loss of income. The location of the system is another important aspect; systems in regions with a higher risk of natural hazards (e.g., frequent storms, flood areas) or higher crime rates may be more expensive to insure. The type of installation (roof-mounted, in-roof, ground-mounted) can also be considered. A significant influencing factor is the amount of the chosen deductible: a higher deductible in the event of a claim generally results in a lower annual premium. Additional service components, such as extended loss of income insurance or protection for battery storage, can also affect the premium. Last but not least, the chosen insurer and its tariff calculation play a role. At nextsure, you benefit from transparent, digitally calculated tariffs that offer a fair price-performance ratio for your customised PV cover.
Digital Processing
Quick, easy and paperless for your protection.
Expert Consultation
Competent contacts for all your questions.
Fair Tariffs
Transparent costs, tailored protection.
What to do in case of damage: How to correctly report damage to your PV system
If your photovoltaic system suffers damage, quick and correct action is crucial to ensure prompt settlement by your photovoltaic all-risk insurance. Document the damage immediately and as thoroughly as possible. Take photos or videos of the damaged parts of the system and the immediate surroundings before any changes are made. Record the date, time, and circumstances of the incident. Report the damage to your insurer without delay – at nextsure, you can easily do this digitally via our customer portal or by phone. Have your insurance number and all relevant information about the system ready. Carry out immediate measures to reduce the damage if this can be done without personal risk (e.g., covering damaged modules to prevent further damage from moisture ingress), but do not commission repairs without prior agreement with the insurer, unless they are emergency measures to prevent greater damage. Retain all damaged parts until clarified by the insurer or an appointed assessor. Submit all requested documents, such as repair estimates or invoices, completely and promptly. Transparent communication and cooperation with the insurer significantly accelerates the settlement process.
Useful additional components: Secure income loss, battery storage and more optimally
The photovoltaic all-risk insurance already provides very comprehensive basic coverage. Nevertheless, there are useful additional components that allow you to tailor and enhance your PV system's insurance coverage to meet your individual needs. One of the most important supplementary options is loss of earnings insurance. This compensates you if your system produces no or less electricity due to an insured event. It reimburses you for lost income from feed-in tariffs or increased costs for purchasing grid electricity during downtime. The amount of the insured daily compensation and the duration of the performance period can often be agreed upon individually. If your PV system is coupled with a battery storage, it should definitely be included in the insurance cover. Many policies offer a specific extension for this, which protects the storage against the same hazards as the PV modules and the inverter. Additional potential services could include covering the costs of dismantling and remounting scaffolding, disposal costs for damaged modules, or protection against reduced output due to extraordinary dirt or unforeseen shading. Carefully assess which risks are relevant for your specific situation to design the precise protection for your entire solar energy infrastructure with nextsure.
Comprehensively insure sustainability: How your PV All-Risk contributes to protecting your green investment
The decision to invest in a photovoltaic system is often driven not just by economic, but also ecological considerations. By doing so, you make a valuable contribution to the energy transition and environmental protection. A photovoltaic all-risk insurance supports this commitment by safeguarding your sustainable investment against financial risks, thus ensuring its long-term operation. With comprehensive coverage, unforeseen repair costs or even a total loss of the system, which could negate the ecological and economic benefits, are mitigated. The insurance thus ensures that your system can produce clean energy with minimal interruptions. In the event of damage, quick settlement allows for timely repairs or replacement of the system, minimizing downtime and ensuring the continuous generation of solar power. Indirectly, a good PV insurance also helps to increase the acceptance and spread of solar technology by reducing investment risk for operators. At nextsure, we understand the value of your green investment and offer you the security you need with our specialized photovoltaic all-risk insurance and digital processes to contribute to sustainability in a long-term and worry-free manner.
Is a photovoltaic all-risk insurance legally required?
As a digital insurance portal, nextsure specialises in comprehensive niche insurances and bespoke protection solutions. Our mission is to offer you tailored and easy-to-understand insurance solutions, such as the All-Risk Photovoltaic Insurance. We combine an extensive niche portfolio with expert advice and fully digitised completion processes. This means for you: fast, straightforward access to specialised insurance cover tailored precisely to the needs of your PV system. Our SEO-optimised content and clear information help you make the right decision. The All-Risk Photovoltaic Insurance from nextsure secures your investment against a variety of risks, from natural hazards and theft to operational errors and loss of income. Rely on our expertise in specialised insurance and benefit from transparent terms and efficient claims processing. We understand the challenges faced by operators of solar installations and provide you with the security you need for the carefree operation of your system. Discover the advantages of our digital platform now and optimally secure your sustainable energy source.
