What category of insurance is a solar panel all risks insurance policy?

A solar panel all risks insurance policy is often categorized under Operational All Risk (OAR) insurance by many insurers. An OAR insurance covers both material damage to the solar panel installation and the potential loss of production that may occur as a result of such damage.

Additionally, some insurers include a solar power installation under a Machinery Breakdown Insurance, often supplemented with a Machinery Breakdown Business Interruption Insurance. This combination also provides coverage for both material damage and production loss.

In all cases, it is advisable to carefully review the policy terms to fully understand the coverage and to ensure that the insurance best suits your specific situation.