Naturesave Insurance launches the UK’s first ‘green energy’ household policy

Eco insurance provider, Naturesave Insurance, has unveiled a new household policy covering Domestic Renewable Energy Installations and guaranteeing green energy revenues.

The only cover of its kind in the UK, the Naturesave Household Renewable Energy insurance policy has been developed in response to rising demand for home energy systems, due to concerns about the environment and rising fuel prices.

Renewable energy technology is becoming more efficient and affordable, and many home-owners are now seeing its benefits in terms of generating income as well as cost savings, and reducing their environmental impact.

The scheme guarantees a minimum payment for all electricity generated by the system, in addition to a separate payment for the electricity exported to grid, and any savings made on the electricity bill by using the electricity generated. The monies paid depend on the type of renewable energy system and the amount of electricity produced, and the payments are in addition to the bill savings made by using the electricity generated on-site.

Matthew Criddle, managing director, said: “We already give discounts to householders for energy saving measures in their homes and many of our existing household insurance clients currently have renewable energy systems installed. We are pleased to be able to include this additional cover and understand that it is the only product of its kind in the UK at the moment.”