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
  

* 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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