Insurance Rates and Wind Turbine Fire

Wind turbine insurance rates have increased 20-30% in the past few years due to several large claims. A fire in one of your turbines can significantly increase your insurance premiums and raise your deductible levels, causing your insurance to become even more expensive. A fire will most likely adversely affect your insurance policy, but there are ways to make your policy more favorable by mitigating fire risk before a fire incident.

The importance of wind turbine insurance Wind turbine insurance is meant for sudden and unforeseen losses. As the cost of wind turbine fires is on the rise, reaching as high as $7-8 million, that’s not a line item you want on your balance sheet. Wind turbine insurance is... ... More: Official Press Release FireTrace

Keywords:

Firetrace, wind turbine, fire, insurance, policy, insurance rate, security, wind farm, installation, OEM, detetction, lightning protection