Nick87
Well-known member
Hardly the same thing.
22 million BLM acres for development?
- Thread starter hossblur
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SAJ-99
Well-known member
Correct. Most homeowners insurance companies are highly regulated entities that have capital requirements and risk constraints that ensure they can pay claims without going out of business. Solar panel companies...not so much.
Nick87
Well-known member
Elky Welky
Well-known member
I don't particularly agree with your faith in reclamation and deep time (an argument I've enjoyed many times with some civil engineer friends of mine, particularly in the context of the Pebble Mine), but your second point is well-taken and worth re-emphasizing here.
Forkyfinder
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Does Homeowners Insurance Cover Solar Panels? - Nationwide
Adding a solar panel energy system to your home is a quite an investment. Homeowners should know whether their home insurance policy covers solar panels
According to most home nsurance - it is covered like your patio or security system.
As far as the grid scale - do you really think these companies dont protect their 50-500 million dollar asset? They are required to - for a million reasons - but primarily accountants and lawyers. They also wouldnt be able to collect the subsidy, which they likely used to fiance the reclamation bond, so you can be sure they are required by regulators and shareholders to insure that asset.
This is not a new shed in your back yard built by sweatpants construction. There are a myriad of things to consider at that scale. One of the first things is insurance.
BigHornRam
Well-known member
Most homeowners insurers are going to exclude perils such as defective Chinese solar panels some fly by night installer slapped on your roof. They are extra picky about the age, warranty and condition of your roof shingles these days too. For good reason.
"Shopping for a standard homeowners insurance policy can be complicated, but it gets trickier when insurers categorize you or your property as high risk. High-risk homeowners insurance applies to several risk factors, such as a recently filed claim or a high rate of natural disasters in your area. Depending on the risks you and your property pose, insurers may exclude specific perils from your policy, charge a higher premium or deny you coverage altogether."
Hilljackoutlaw
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Have you ever filed an insurance claim.Does Homeowners Insurance Cover Solar Panels? - Nationwide
Adding a solar panel energy system to your home is a quite an investment. Homeowners should know whether their home insurance policy covers solar panelswww.nationwide.com
According to most home nsurance - it is covered like your patio or security system.
As far as the grid scale - do you really think these companies dont protect their 50-500 million dollar asset? They are required to - for a million reasons - but primarily accountants and lawyers. They also wouldnt be able to collect the subsidy, which they likely used to fiance the reclamation bond, so you can be sure they are required by regulators and shareholders to insure that asset.
This is not a new shed in your back yard built by sweatpants construction. There are a myriad of things to consider at that scale. One of the first things is insurance.
"OH ya see right there on your roof...see a fly pooped there so that disqualifies your claim"
BigHornRam
Well-known member
Don't use Chinese drywall either.
Homeowners Policy and Chinese Drywall Damage
A judge in Virginia ruled that there is no coverage under a homeowner's policy to pay for damages caused by faulty Chinese drywall.
SAJ-99
Well-known member
Stop man-splaining insurance. You use an extreme example to try to make an invalid point. If panels are installed by a licensed installer they are covered, just like roof. They would be covered under your homeowners policy and paid at depreciated value.
Your original point was true but ridiculous because it applies to anything we buy. If Maytag goes “tits up” the warranty for that washer isn’t worth the paper it is printed on. It’s a risk we take every day. I have a house built in the early 1990s and the seal on every window failed. The warranty is void because the company went “tits up”. Windows are structural and not covered. I had to pay to replace them. I guess I could went total fraud and burned down the house and claimed catastrophic loss on insurance. But of course my rates would have gone up. I am well aware of how insurance works. I helped make the sausage for a decade.
Forkyfinder
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If you have a home insurance claim - get an independent adjuster.
Comparing your home insurance to an llc with hundreds of thousands of dollars flowing by the day in contractually provided power is silly.
Hilljackoutlaw
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If you have a home insurance claim - hire an independent adjuster
Fixed it. Point is insurance companies are such crooks we need to hire outside help so we don't get screwed.
Fixed it. Point is insurance companies are such crooks we need to hire outside help so we don't get screwed.
Forkyfinder
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No doubt insurance is crooked. But the stakes are a little higher.
Plus - the panels arent the expensive part of the infrastructure. All kinds of inverters/transformers and cables are perfectly hail proof...
They arent just going to go "tits up" because of an issue.
My azz is fine, thanks for the flowers.
With jr high kids I try to pay attention to AI, quantum computing, etc, as maybe they will get a job someday.
About the time all those roads, all those panels, all that destruction happens, I'm betting a better way comes along.
We "had" to have I-15. Now, we are trying to figure out how to not slaughter thousands of deer each year. How badly we messed up fawning by cutting off winter range, how many coyotes and cats we have to have to kill to keep them from decimating trapped deer on questionable range, how much fence and overpass we need to try to remedy that road.
I doubt the dudes who built I-15"did it to destroy deer hunting in Utah. They did it to make travel more efficient, and service, cheaper.
But hey. We are MUCH smarter now
With jr high kids I try to pay attention to AI, quantum computing, etc, as maybe they will get a job someday.
About the time all those roads, all those panels, all that destruction happens, I'm betting a better way comes along.
We "had" to have I-15. Now, we are trying to figure out how to not slaughter thousands of deer each year. How badly we messed up fawning by cutting off winter range, how many coyotes and cats we have to have to kill to keep them from decimating trapped deer on questionable range, how much fence and overpass we need to try to remedy that road.
I doubt the dudes who built I-15"did it to destroy deer hunting in Utah. They did it to make travel more efficient, and service, cheaper.
But hey. We are MUCH smarter now
BigHornRam
Well-known member
You made the sausage, and mention burnining down your house to stick it to the insurance company in the same post? Weird.
SAJ-99
Well-known member
Insurance fraud is a legit industry. I can tell you a dozen ways to commit insurance fraud and get away with it. The problem is people can’t keep themselves from bragging about “sticking it to the insurance crooks” at the local pub.
BigHornRam
Well-known member
How about just not doing the fraud? Must have some PTSD after making the sausage for 10 years with the insurance crooks?
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Nick87
Well-known member
[/QUOTE]
We're all ears.
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SAJ-99
Well-known member
We're all ears.
[/QUOTE]
Should have clarified 85% chance of getting away with it. Horrible payoff skew though. 85% chance you make a few thousand. 15% chance you do jail time.
Saw an estimate that fraud was bigger than new housing construction market. People put more effort into scamming the system than a legit job. Not guys in the Bitterroot though. They have never over invoiced an insurance job. Practically angels there in the Root.
[/QUOTE]
Should have clarified 85% chance of getting away with it. Horrible payoff skew though. 85% chance you make a few thousand. 15% chance you do jail time.
Saw an estimate that fraud was bigger than new housing construction market. People put more effort into scamming the system than a legit job. Not guys in the Bitterroot though. They have never over invoiced an insurance job. Practically angels there in the Root.
BigHornRam
Well-known member
Should have clarified 85% chance of getting away with it. Horrible payoff skew though. 85% chance you make a few thousand. 15% chance you do jail time.
Saw an estimate that fraud was bigger than new housing construction market. People put more effort into scamming the system than a legit job. Not guys in the Bitterroot though. They have never over invoiced an insurance job. Practically angels there in the Root.
[/QUOTE]
WTF are you talking about? You're getting over your skis, son.
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Nick87
Well-known member
Should have clarified 85% chance of getting away with it. Horrible payoff skew though. 85% chance you make a few thousand. 15% chance you do jail time.
Saw an estimate that fraud was bigger than new housing construction market. People put more effort into scamming the system than a legit job. Not guys in the Bitterroot though. They have never over invoiced an insurance job. Practically angels there in the Root.
[/QUOTE]
Soooo....
