Openly’s policy forms do not separately list solar panels on the Application or Declarations page. Coverage, if any, depends on the policy terms, the installation type, ownership, location, applicable limits, exclusions, and the facts of a claim. Agents should still confirm whether solar panels are present and gather accurate information about their ownership, location, installation, and estimated replacement cost for underwriting and rating purposes.
Manage solar panels in the Agent Portal using the following tabs:
- Property Review Tab: Complete the mandatory Yes/No question regarding the presence of solar panels on the property.
- Coverage Tab: When solar panels are not attached to the main dwelling, consider the replacement value in the applicable coverage limits–Coverage B (Other Structures) or Coverage C (Personal Property) limits.
Solar Panel Classifications
Solar panel classification depends on how and where they are installed:
- Main Dwelling (Coverage A): Solar panels permanently attached to the home may be considered part of the dwelling.
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Other Structures (Coverage B): Solar panels attached to a detached structure (like a shed or detached garage) or that are freestanding and anchored to a permanent foundation may be considered under Coverage B.
- Valuation Note: Freestanding solar panels may be subject to Actual Cash Value (ACV) settlement basis.
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Personal Property (Coverage C): Mobile solar panels that are not anchored to the ground may be considered personal property.
Leased Panels & Coverage Extensions
Leased Solar Panels
- Ownership and Insurance: Leased solar panels are typically owned by the leasing company and may be insured under that company’s commercial policy.
- Portal Action: For underwriting purposes, agents should still select Yes to the solar panel question in the Agent Portal if leased panels are present on the property.
- Limit Adjustments: If the applicant does not own the leased equipment and is not responsible for insuring it, the equipment’s replacement value may not be factored into the Coverage A or B. Agents should confirm the applicant’s responsibilities under the lease and consider any impact to the dwelling, roof, mounting equipment, or other structures. The underlying roof structure likely remains the homeowner’s responsibility.
Coverage Extensions & Adjustments
- Evaluating Underinsurance: Installing an owned solar system significantly increases a property’s overall replacement cost. Review the system’s total value with the applicant to determine whether a coverage extension or an intentional increase to the Coverage A or B limits may be necessary to prevent the applicant from being underinsured.
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