NSW: Do solar panels affect strata building insurance?

Question: Would solar panels affect the building insurance? Solar panels are on one lot owner’s side of the roof.

Answer: As solar panels are permanent fixtures, they are covered by the strata building insurance policy.

Solar panels being permanent fixtures are covered by the policy. If the solar panels are not permanently attached to the property, they are not covered by strata building insurance.

The only consideration is whether the sum insured should be increased to factor the panels in but most buildings do not increase the sum insured after installation of solar panels.

This post appears in Strata News #482.

Tyrone Shandiman
Strata Insurance Solutions
E: tshandiman@iaa.net.au
P: 1300 554 165

This information is of a general nature only and neither represents nor is intended to be personal advice on any particular matter. Shandit Pty Ltd T/as Strata Insurance Solutions strongly suggests that no person should act specifically on the basis of the information in this document, but should obtain appropriate professional advice based on their own personal circumstances. Shandit Pty Ltd T/As Strata Insurance Solutions is a Corporate Authorised Representative (No. 404246) of Insurance Advisenent Australia AFSL No 240549, ABN 15 003 886 687.