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Downhole heat exchanger insurance
Heating using geothermal energy is sustainable and a cost-efficient way to produce energy. Protect your investment with geothermal probe insurance from Helvetia.
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Fully comprehensive insurance for your downhole heat exchanger
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Entitlement to a replacement heater in the event of a claim
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Cover in the event of changes to the geological substratum
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Protection against earthquakes or landslides
Why is a downhole heat exchanger insurance important?
Geothermal probes are the most common method of using geothermal heat in Switzerland. The probes extract geothermal energy from the soil and conduct it via a heat pump to a heating system. Accordingly, the energy and maintenance costs are low, so that the initial investment pays off in the medium term. Protection is therefore essential as a claim and any possible follow-up costs can be expensive and endanger rapid amortization.
Downhole heat exchanger insurance covers the probe itself as well as follow-up costs arising from the earthworks. These include work on the building, the excavation of pipes and the restoration of gardens and access paths. The costs of replacing a probe can quickly add up to a mid-range five-figure amount. Helvetia also ensures that you receive a replacement heater quickly if temperatures are low, as replacing a probe takes some time.
A brief guide to downhole heat exchanger insurance
What is insured?
- Replacement of the defective geothermal probe
- Costs of engaging an expert
- Costs of the installer who seeks the source of the defect
- Heater to bridge the time the probe is out of action (cover for additional costs)
- Transport/travel costs for the drill
- Cost of the crane to lift the drill into the garden
- Drilling for a new probe
- Installation and connection of the new probe
- Earthworks to check the access line
- Restoration of soil, paths and garden after drilling
The all-in sum insured is CHF 100,000. The contract term is five years.
Where can the insurance be taken out?
You can insure your installation directly with Helvetia. Moreover, the following drilling companies in Switzerland also offer Helvetia’s downhole heat exchanger insurance:
- Armin Bürge AG, Schwarzenbach (SG)
- Aquabohr AG, Beromünster (LU)
- Bohrfix AG, Härkingen (SO)
- Blétry AG, Küttingen (AG)
- Broder AG, Sargans (SG)
- Calodrill AG, Laufen (BL)
- ESB Bohrteam GmbH, Hünenberg (ZG)
- Gebrüder Mengis AG, Luzern (LU)
- Geotherm AG, Bäch (SZ) und Düdingen (FR)
- Green Terra AG, Zizers (GR)
- Grünenwald AG, Otelfingen (ZH)
- GTB Erdbohrungen, Adelboden (BE) und Männedorf (ZH)
- GW Geowärme AG, Visp (VS)
- Hans Barmettler & Co. AG, Moosleerau (AG)
- Heim Bohrtechnik AG, Alststätten (SG)
- Herrmann Jost AG, Busswil (BE)
- Ketta Bohrteam, Urdorf (ZH)
- LSS Bohr AG, Grosswangen (LU)
- Marfondo AG, Erstfeld (UR)
- Norline AG, Glattbrugg (ZH)
- PBS Bohr AG, Sargans (SG)
- Terracalor Erdwärmetechnik AG, Muttenz (BL)
When does insurance cover begin?
Insurance cover begins on the date stated in the policy. However, insurance cover begins at the earliest after the required final pressure test.
In what situations does the insurance pay out?
The insurance covers damage to your geothermal probe caused by unforeseen and sudden events. These include specifically natural forces such as
- earthquakes
- landslides
- subsidence
- geological changes
After events of this type the probe is usually no longer intact or the pipe allows too little throughput. This reduces the heating performance, and the probe is no longer functional.
For whom is this insurance suitable?
Heating with geothermal energy protects the environment and your wallet. The insurance is generally suitable for anyone who heats with geothermal energy. Natural forces cannot be planned and entail certain risks when using geothermal energy. The geothermal probe is particularly at risk if it is exposed to earthquakes, landslides or subsidence. If you are considering using a geothermal probe you should factor in these risks.
Calculate premium now
Calculate the premium for your geothermal probe online and take out insurance directly.