Homeowners need to safeguard their homes, which often necessitates a comprehensive insurance policy. However, if you’re making modern upgrades to your home, such as solar panels, you might wonder if your existing homeowners’ policy provides adequate coverage and protection. Understanding why umbrella insurance might be the solution can help ensure financial security. If you’re a homeowner in Pittsburgh, PA, Stalwart Insurance can help you determine if an umbrella insurance policy is the right choice for you.
Risks of Solar Investments That Require Umbrella Insurance Protection
With the right umbrella insurance policy, it’s much easier to maintain a sense of security year-round, especially if you encounter property damage, a fire, or even a potential lawsuit. Here’s what umbrella insurance can help with if you’re considering investing in solar panels or other solar-centric technology:
- Power surges and/or electrical fires: Umbrella insurance can help cover judgments and legal costs associated with these types of accidents.
- Property damage: If a windstorm or part of your solar panels damages a neighbor’s property, your umbrella insurance policy will provide added protection.
- Injury to contractors/workers: If a solar technician or expert is injured while installing panels, proper insurance is vital. Homeowner liability insurance policies may not be sufficient if serious injuries occur.
Taking your homeowners’ insurance policy and protection seriously is important when you’ve invested in a home. If you’re already in the process of making solar investments or adding solar panels to your home, it’s crucial to assess existing policies to verify you have sufficient protection. To learn more about umbrella insurance policies that may be right for you as a homeowner in Pittsburgh, PA, contact Stalwart Insurance for your consultation and estimate today.
