LDK Solar and Solarif Partner to introduce the first operational and warranty insurance covered by HDI Gerling
Xinyu City, China and Munich, Germany - LDK Solar Co., Ltd., a vertically integrated manufacturer of photovoltaic products, together with its partner Solarif, a fully mandated underwriter of HDI Gerling for PV insurance, are the first companies to introduce a unique insurance solution at the system level.
LDK Solar announced the new 'Secure' offer at Intersolar Europe, the world's largest solar industry exhibition taking place in Munich from the 13th – 15th of June. LDK Solar Secure provides customers with a complete insurance package combining an operational 'All Risk Insurance' with a warranty and inherent defect insurance. It includes a full backup of LDK Solar Product and Power Warranties on PV modules. Additionally, the embedded All Risk Insurance applies to all other components of the PV system.
The insurance package is covered by HDI Gerling, an A+ rated insurance company and one of the largest German insurers of property and casualty. As an independent third party, Solarif completed a successful audit of LDK Solar's manufacturing process and product quality. Rene Moerman, Chief Strategy Officer of Solarif: "After an elaborate examination of the factory, company, environmental and labor conditions, we declare that LDK Solar fulfills all expectations and is now on our whitelist. We are proud to announce our cooperation with LDK Solar, a company with a positive spirit and great sense of quality."