Lloyds TSB Insurance is helping green-minded households save money by providing free cover for wind turbines, solar panels and ground source heating pumps.
The equipment - which can cost as much as …
Lloyds TSB Insurance is helping households save money by providing free cover for wind turbines, solar panels and ground source heating pumps.
The equipment - which can cost as much as £25,000 to purchase and install - is covered for repair, replacement and theft at no extra cost on Lloyds TSB buildings insurance policies.
Increasing numbers of households are expected to follow the likes of David Cameron or Jamie Oliver and go green after the recent Government proposal to remove the need for planning permission to install renewable energy appliances. Across the UK, households have already installed more than 100,000 renewable energy appliances and this is predicted to rise to more than 1.3 million by 2020.
Phil Loney, managing director, Lloyds TSB Insurance, said: "Creating your own energy may save you money in the long run but getting started requires a substantial investment. It can cost anything up to £25,000 to buy and install a wind turbine so it's crucial to insure it properly.
"But it doesn't have to cost you the earth to keep your green appliance safe; it can be added at no extra cost to a Lloyds TSB buildings insurance policy."
