By Free Republic | Created at 2024-09-28 22:02:34 | Updated at 2024-09-30 11:39:20
1 day ago
Why are homeowners losing coverage after installing solar panels?
https://www.insurancebusinessmag.com ^ | 9/24/24 | By Terry Gangcuangco
Posted on 09/28/2024 11:49:53 AM PDT by RomanSoldier19
A homeowner’s plan to make his home greener by switching to a heat pump and installing solar panels in 2023 took an unexpected turn when his then insurance company, CAA, nearly cancelled his policy over the upgrades – eventually pulling coverage entirely due to the solar panels.
A CBC News report cited Adam Szabo as saying: “I was confused, of course. I’m like, ‘What do you mean?’ It just doesn’t make sense, right?”
Szabo’s desire to boost his property’s value, reduce environmental impact, and lower energy costs was overshadowed by insurance complications he didn’t foresee.
(Excerpt) Read more at insurancebusinessmag.com ...
TOPICS: Business/Economy; Canada; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: homeinsurance; insurance; solar; solarpanels; war
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To: RomanSoldier19
How well do solar panels handle tennis ball sized hail?
2 posted on 09/28/2024 11:52:08 AM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
To: RomanSoldier19
I’ve wondered how those fare in a strong hail storm.
3 posted on 09/28/2024 11:52:16 AM PDT by Jamestown1630 ("A Republic, if you can keep it.")
To: RomanSoldier19
Canukistan.
Coming soon south of the 49th.
4 posted on 09/28/2024 11:52:37 AM PDT by lightman (I am a binary Trinitarian. Deal with it!)
To: lightman
https://www.wptv.com/money/real-estate-news/companies-refuse-to-insure-palm-beach-county-homeowner-with-solar-panels 
5 posted on 09/28/2024 11:54:47 AM PDT by RomanSoldier19 (Res ad Triarios venit;“We are your ghosts, in this game played by monkeys, organized by lunatics” )
To: CatOwner
How well do solar panels handle tennis ball sized hail?
About as well as your roof and car. Normal hail is fine.
6 posted on 09/28/2024 11:54:54 AM PDT by TangoLimaSierra (⭐⭐To the Left, The Truth is Right Wing Violence⭐⭐)
To: RomanSoldier19
The real problem is the batteries for the solar power system and the possibility of them catching on fire and burning your house down.
7 posted on 09/28/2024 11:55:12 AM PDT by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████ ████ █ ███████ ████. FJB.)
To: CatOwner
But why don’t they simply exclude the solar panels from coverage. The article indicates they are cancelling the entire home coverage.
8 posted on 09/28/2024 11:56:12 AM PDT by gitmo (If your theology doesn’t become your biography, what good is it?)
To: E. Pluribus Unum
“The real problem is the batteries for the solar power system and the possibility of them catching on fire and burning your house down.”
not if you use Edison or lead acid batteries
9 posted on 09/28/2024 11:57:41 AM PDT by algore
To: RomanSoldier19
Maybe the sunlight reflects off the solar panels and low clouds and comes down to heat up the EV cars below and causes them to burst into flames much more often than average.
☀️⚡🔥🚓🚓🚒🚒
10 posted on 09/28/2024 12:01:09 PM PDT by frank ballenger (so then let us set up a last agonizing, bloodcurdling howl, a screech of defiance, a war whoop! )
To: RomanSoldier19
Interesting article. And given that it happened in Canada, perhaps the Boy Genius (Justin Trudeau) could force insurance companies to back off.
After all, government interference with private business always works.
11 posted on 09/28/2024 12:01:10 PM PDT by Leaning Right (The steal is real.)
To: Jamestown1630
Had a strong hailstorm here in 2011. It damaged just about every roof and just about all of those roofs had to be replaced. Replacing the solar panels would have added that much more cost to the roof replacements.
12 posted on 09/28/2024 12:01:58 PM PDT by libstripper
To: RomanSoldier19
...... Most homeowners don't realize that if you have solar panels installed on your roof .... If you have any roofing problems, Most Roofing companies will require the homeowner to have the solar panels removed before they will do any roof work on your house. IMO the Return on Investment on installing Solar on your roof is not worth the cost.
.
13 posted on 09/28/2024 12:02:24 PM PDT by R_Kangel ("A nation of sheep will beget a nation ruled by wolves")
To: RomanSoldier19
14 posted on 09/28/2024 12:06:18 PM PDT by higgmeister (In the Shadow of The Big Chicken! )
To: R_Kangel
Untrue. The roofing company is the one that installed the panels in the first place. They will remove them and put them back afterwards. It’s not a free service but it can be done. You just have to know this before you hire a roofer.
15 posted on 09/28/2024 12:06:56 PM PDT by webheart
To: RomanSoldier19
Letting a bunch of shysters drive 1000 or so nails and screws into one’s roof isn’t going to end very well, unless it’s a barn or something.
16 posted on 09/28/2024 12:09:13 PM PDT by BobL
To: R_Kangel
Most homeowners don't realize that if you have solar panels installed on your roof .... If you have any roofing problems, Most Roofing companies will require the homeowner to have the solar panels removed before they will do any roof work on your house.
I've wondered about that. We had tennis ball sized hail back in April 2021 that required nearly everyone in the neighborhood to have their roofs replaced.
One such neighbor real close to us had their roof replaced near the end of the year timeline, in early 2022. A few months ago, they added solar panels to their house. Not sure if part of the reason is they have a Tesla and a charging station in their garage.
17 posted on 09/28/2024 12:09:54 PM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
To: RomanSoldier19
18 posted on 09/28/2024 12:10:05 PM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
To: RomanSoldier19
Just as long Adam feels proud, money does not matter.
19 posted on 09/28/2024 12:12:13 PM PDT by Mark (DONATE ONCE every 3 months-is that a big deal?)
To: RomanSoldier19
Not only does he get no more insurance, he also won’t be getting any measurable amount of power, given that he’s in Canada (not exactly the Mojave Desert) and he has a HUGE TREE right in front of the panels.
20 posted on 09/28/2024 12:17:50 PM PDT by BobL
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