AachenMunchener has launched a new cover for photovoltaic systems to cover all risks of electronic damage as well as business interruption for photovoltaic systems.

The photovoltaic cover insures the risks and damages directly caused to the photovoltaic system by vandalism, overvoltage, fire as well as environmental impact such as storm or hailstorm. All electronic components, such as the photovoltaic modules, alternating current converters, meters measuring the energy produced and supplied to the energy system as well as the installations providing protection against overvoltage are covered.

The new product also covers expenses beyond the actual property damage, like the disposal of system elements or masonry works.

The acquisition costs of a photovoltaic system are in most cases financed by debt. If the system fails to work as a result of a damage, the loan will nevertheless have to be paid back. In order to guarantee liquidity, the photovoltaic cover provides business interruption insurance. For the repair period within the covered term, operators are paid the fees they would have received for supplying the energy normally produced during that period.

AachenMunchener also insures the statutory third-party liability resulting from the operation of a photovoltaic system.