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Third-party insurance details

1.  Operational All Risk Insurance
  • Coverage against damages as result of external causes such as: vandalism, theft, fire, hail damage, lightning strike, overvoltage, wind and storm, etc, except natural disaster (optional)
  • Replacement and repair costs (material, labour and transport)
  • Additional covers such as: sue and labour costs, debris removal costs, costs of overtime and express shipments, search costs, recycling costs

2.   Business interruption (= loss of production)
  • Daily rate of compensation per kilowatt-peak capacity installed
  • After 4 or 7 days down time (waiting days)
  • Maximum period of 26 or 52 consecutive weeks (indemnity period)

3.  Optional: cover of “Natural Disasters”

  • Covers risks such as:
  • Flood, tsunami, avalanche and mud-slide
  • Hailstorm, sleet and snowstorm
  • Earthquake, volcanic eruption and meteorite
  • Typhoon, hurricane and tornado
  • Premium rate depends on exact GPS-coordinates

4.  Optional: cover of “Inherent defect / warranty” * ---->
  • Only in combination with Solar PV Insurance
  • Only available after a positive factory audit
  • For modules and inverters
  • Underwritten by HDI-Gerling, an A-rated German insurance company

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* Detail of "Inherent defect/ warranty" insurance
  • Backs up the manufacturer’s warranty in case of inherent defect
  • Yearly extended, for panels up to max. 20 years, inverters up to max. 7.5 years
  • Maximum pre payment of the premium: 5 years
  • Project based
  • Clients and/or the manufacturer pay the premium per project
  • Decrease the costs of debt finance and the price of maintenance
  • Available globally except India
  • Bankable worldwide except some countries
  • Underwritten by HDI-Gerling, an A-rated (S&P) German insurance company


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© Tremayne Solar 2023            40 Shakespeare Avenue, Bath BA2 4RF, United Kingdom    •   14 rue de l'Ancien-Port, 1211 Geneva, Switzerland    •   +41 79 8546036
Photo used under Creative Commons from USDAgov
  • About Us
    • News
  • Our Services
    • Quality Assurance >
      • PV Plant Health Check
    • Project Development
    • Procurement Services
    • Expert Testimony
  • Your Benefits
  • Contact Us