√ Comprehensive Coverage against loss or damage to your Solar PV system due to:
- Accidental External Means*
√ Provides protection against loss of income or saving if your system is under either:
- Feed-in-Tariff (FiT) programme
- Net Energy Metering (NEM) programme
√ Flexibility to choose between a pre-set plan or determine your own sum insured depending on your business risk exposure.
√ Optional Deductible Plan with a premium discount of up to 15%.
- You decide how much of the repair or replacement costs you can pay out-of-pocket in return for a reduced premium before your MSIG Solar PV All Risks Insurance pays the balance up to the limit covered.
√ Optional coverage for Public Liability.
*Includes damage by rats but excludes coverage of related transmission lines/cables outside the insured premises.
Alternatively, you may opt to determine the Sum Insured according to your risk exposure**
**Subject to MSIG’s underwriter’s approval.
1. A minimum excess of RM500 for each and every claim will be applied to policies without any Deductible.
2. Basis of Settlement – Replacement Value
3. Premium is subject to 6% Service Tax.