Insurance Premiums Punish Solar Owners in Florida

April 15, 2023

One Response to “Insurance Premiums Punish Solar Owners in Florida”

  1. rhymeswithgoalie Says:

    The high voltage (“tier 2”) reasoning seems somewhat plausible. Theoretically insurance companies may have made high payouts in the past from death, injury or damage based on the higher voltage system. But as the anchors noted, see what the “reduced” rate is before declaring victory.

    As for the obscure or secretive nature of the rationale for the rates, bear in mind that insurance companies’ lifeblood is having superior actuarial data compared to competitors. (One reason so many insurance companies are going under is that climate change makes once-stable weather-based risk data essentially worthless, and you can’t insure someone in a situation of increasing risk.)

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