UTILITIES
may have the right to reject a claim .
It is best to install backup power systems in a garage , because garages must have a firewall between the garage and the main residence . This will mitigate the risk of a possible fire spreading to the rest of the home .
There are domestic-sized sensors and extinguishers available on the market . The acquisition and maintenance costs of an extinguisher cannot possibly compare with the risk of seeing your entire house and its contents burn to the ground .
Many backup power systems such as inverters also come with the option of installing solar power systems .
There are two types of risks that solar panels are exposed to ; hail and malicious damage as well as accidental damage . Hail and malicious damage are covered under most policies as part of the specified perils , and usually without limitations .
Whether a solar panel breaks accidentally because it was stepped on , or whether the battery fell off during installation , this type of damage can cause severe financial expense to homeowners if not covered . Many buildings policies only give accidental damage cover to fixed machinery on a definition basis , so policyholders with general insurance policies must check the definition of fixed machinery to ensure cover for these expensive installations . If not , it would be in their interests to look for policies that may be more expensive but offer comprehensive cover .
When it comes to questioning whether to insure these systems under your building insurance or your home contents insurance , it comes down to whether the devices are permanent fixtures to your home or not .
The general rule is that anything
50 OCT 2022 SA Real Estate Investor Magazine