Solar Option Inherent defect and warranty

About Solar Insurance & Finance
Solar Insurance & Finance is a worldwide
operating, independent insurance broker
with full focus on insurance for PV installa-
tions. Our extensive knowledge of the solar
market results in insurance solutions that
perfectly meet our customers’ wishes, for
example our Solar PV Insurance with option
‘Inherent defect and warranty’.
Solar Insurance & Finance offers insurances
for PV owners, manufacturers, installers,
project developers and investors. Our insur-
ances are backed by leading European in-
surers with an A rating.
Address: Mr. B.M. Teldersstraat 11G
6842 CT Arnhem
The Netherlands
P.O. Box 4192
6803 ED Arnhem
The Netherlands
Contact: + 31 (0)26 711 50 50
info@solarif.com
1. Company Profile Solar Insurance & Finance
2. Solar PV Insurance
3. Solar PV Insurance Online
4. Solar PV Insurance Service Contract
5. Option ‘Inherent defect and warranty’
www.solarif.com
Option Inherent defect
and warranty
with Solar PV Insurance

Your PV installation is a valuable posses-
sion. Of course you want to make the most
of your investment. Unfortunately, it can oc-
cur that your PV installation becomes dam-
aged or gets stolen. Replacing or repairing
your PV installation involves costs that will
not be reimbursed by your warranty, such
as labor costs and call out charges. And
what if the manufacturer is bankrupt and
can no longer fulfill the warranty obliga-
tions?
You can secure your investment and reve-
nue with a Solar PV Insurance of Solar In-
surance & Finance. This insurance covers
damage caused by weather conditions, fire
and theft and compensates the loss of pro-
duction.
You can extend the insurance with the op-
tion ‘Inherent defect and warranty’, that
backs up the warranty, even if the manufac-
turer no longer exists.
Option ‘Inherent defect and warranty’
The option ‘Inherent defect and warranty’ with the Solar PV Insurance
consists of two parts:
1. Inherent defect
In case the manufacturer does not provide compensation, the option
‘Inherent defect and warranty’ covers damage caused by an inferior
characteristic (an inherent defect) to your modules or inverters. Such
deficiency can result in considerable losses. A defect part must be
inspected, disassembled and replaced. In this period (part of) your
installation is decommissioned and you lose revenue. The cover
knows a maximum of 20 years for modules and a maximum of 7.5
years for inverters.
2. Warranty
This provides cover if you have a legitimate claim within the warranty
period and the manufacturer:
Can’t fulfill the obligations due to bankruptcy
Rejects your warranty claim
Disputes the liability
The insurance compensates new materials, labor costs, call out charge
and loss of production in case of a covered event.
The option ‘Inherent defect and warranty’ applies to modules that are
certified by Solar Insurance. Certification is the result of a positive audit
on tech-nical and financial aspects and environmental and labor condi-
tions in the factory. For large installations an audit of the installation is
also required.
Why should you choose our insurance?
Solar Insurance & Finance is market leader in the solar insurance indus-
try. We offer the best insurance solutions for your PV installation. Our
insurances minimize the risks of your solar projects. This makes your
projects easier to finance and attractive to investors.
Cover
Compensation
Validity
Deductible
Depreciation
Policyholder
Bankruptcy
manufacturer
Option ‘Inherent defect
and warranty’
Solar Insurance &
Finance
Modules and inverters
New materials, loss of production,
labor costs and call
out charge
Maximum of 20 years for
modules and maximum of
7.5 years for inverters
Insured from first commissioning
Low: depending on the size
of the installation, ranging
from € 125 to € 10,000
No depreciation, full cover
for 20 years
Owner PV installation
Cover remains
Warranty insurance
other insurers
Modules
New modules and labor
costs
Maximum of 25 years for
modules
Cover from the 6th year
High: sometimes from
€ 200,000 per claim
Depreciation sometimes 4%
linear per year. This means
that the coverage is 80%
after 5 years and 20% after
20 years
Manufacturer
Cover is terminated in most
cases