KUALA LUMPUR: Tune Protect Malaysia Bhd has partnered Verdant Solar Sdn Bhd to offer homeowners insurance solutions for residential rooftop solar installations.
Under the partnership, homeowners who install solar systems through Verdant Solar will automatically receive insurance protection provided by Tune Protect Malaysia.
The integration of insurance protection directly into the installation package addresses common concerns around financial risks, system damage and unexpected operational
disruptions, said the insurer.
"The result is a seamless end-to-end solution designed to make green living simpler, safer and more practical for households nationwide," said Tune Protect Malaysia appointed representative Hans-Joachim Zimmermann.
The coverage provided by Tune Protect includes protection against accidental loss or damage caused by storms, fire or other unforeseen events as well as coverage for loss of electricity savings arising from system downtime caused by insured damage.
“With more than 97% of Malaysian households yet to install solar despite abundant sunlight and supportive initiatives such as Solar ATAP, this collaboration aims to make solar a more secure, accessible and attractive option for homeowners seeking both environmental and long-term financial benefits, while supporting Malaysia’s National Energy Transition Roadmap target of achieving 70% renewable energy capacity by 2050," said Verdant Solar CEO Seth Lim.
