Elite Risk is a specialist high net worth insurer and subsidiary of Old Mutual Insure. The group noted that wealthy South Africans reduce their reliance on Eskom’s national grid by partially or fully converting their households to solar energy.
However, homeowners should ensure their solar installations comply with regulations, so they do not run into issues with their insurers down the line. “We often have to reject claims or are unable to replace geysers because the previous installation did not comply with the regulation.” She also encouraged clients to ensure that their solar geyser systems are installed by technicians who are well versed with the regulations and supported by the appropriate engineering professionals.
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