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Does Commercial Insurance Cover Damage to Solar Panels? A Comprehensive Guide

December 8, 2023 Guest Author

commercial insurance and solar panel coverage

With the growing popularity of solar energy, more and more businesses are making the switch to solar panels. This eco-friendly and cost-effective energy source offers numerous benefits, including reduced energy bills and a smaller carbon footprint. However, like any investment, solar panels are not without their risks. One of the most important considerations for any business owner with commercial solar PV panels is their insurance coverage. In this guide, we will explore the crucial question: does commercial insurance cover damage to solar panels? We’ll delve into the complexities of insurance…

How long does it take an insurance company to pay a claim?

August 9, 2023August 8, 2023 G. Turner

Insurance company - How long does it take - Time

Knowing you have coverage is all well and good, but how long does it take to get the payout? When you file a claim with your insurance company, there are several factors that play a role in the length of time it will take before you receive your payout. These can include everything from your specific insurer to the type of payment method used. For example, there is a difference between the answer to how long does state farm direct deposit take and the length of time you’d need to…

Unemployment insurance payments are slower than they were pre-pandemic

April 6, 2023April 4, 2023 Nordstrom

The difference varies from one state to the next, but overall, things are slower since COVID-19 hit. Not long aver the pandemic hit, the rate of joblessness in the United States spiked, sending millions of people to seek unemployment insurance benefits. The systems in every state were required to issue checks following a spike in claims handling. Because there was a sudden and sharp influx of unemployment insurance claims, the systems in place to manage them were not prepared for the numbers. This left people waiting for weeks – or…

The insurance industry is broadly investing in chatbots

March 10, 2023March 9, 2023 Logan B.

Insurers are looking for new ways to improve their customer experience amidst a hiring shortage. The insurance industry worldwide is investing in AI-powered insurance chatbots to help boost the customer experience they can provide, even as they face their largest ever hiring shortage. Inflation, rising interest rates and greater global economic pressures have increased the drive insurers have to look at alternative opportunities to keep their customers this year. Many consumers find that it is preferable to interact with chatbots for completing many tasks. According to 2019 data (the most…

Massive insurance battle results from Russia’s seizure of 400 planes

May 2, 2022April 29, 2022 Marc

Aircraft lessors are filing claims for payouts, but insurers don’t agree that coverage extends that far. When Russia invaded Ukraine, it threw a number of markets into turmoil, and in the case of the aircraft market, it has also led to a tremendous insurance battle. Aircraft leasing firms provide approximately half of the 1,000 planes in Russian airline fleets. The aircraft leasing firms are from outside Russia and are finding themselves locked between Russian airlines that refuse to pay and insurers who say they’re not obligated to do so. This…