I am not so sure that this type of exposure is excluded under a HO policy. The only exclusion that comes to mind is the business exclusion. But in reality what is the difference between adding insulation to reduce heat cost as compared to installing a windmill to reduce electricity cost. It appears the issue is one of profit. If their is a net cost to the homeowner to purchase electricity I would be hard pressed to classify the electricity production as a business.
well, if no insurance is offering that coverage, sounds like the state is going to have to take the issue and create a state insurance and gather premiums. um…um… sounds like basically another money gathering machine, that the insurance commish is going to have to handle. question is the purchasing of the insurance going to be less than the savings on the installation and maintaining the alternative source of energy.
The energy companies here in Iowa are only required to pay 1/7th of the amount to homeowner suppliers of power of what they charge consumers. If the risk is so great that communtities require insurance and you can’t sell the excess for what it costs to produce, what’s the incentive for people to become more green?
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I am not so sure that this type of exposure is excluded under a HO policy. The only exclusion that comes to mind is the business exclusion. But in reality what is the difference between adding insulation to reduce heat cost as compared to installing a windmill to reduce electricity cost. It appears the issue is one of profit. If their is a net cost to the homeowner to purchase electricity I would be hard pressed to classify the electricity production as a business.
well, if no insurance is offering that coverage, sounds like the state is going to have to take the issue and create a state insurance and gather premiums. um…um… sounds like basically another money gathering machine, that the insurance commish is going to have to handle. question is the purchasing of the insurance going to be less than the savings on the installation and maintaining the alternative source of energy.
The energy companies here in Iowa are only required to pay 1/7th of the amount to homeowner suppliers of power of what they charge consumers. If the risk is so great that communtities require insurance and you can’t sell the excess for what it costs to produce, what’s the incentive for people to become more green?