Home Protection: Insuring Against Electrical Hazards

Federal Pacific Electric Panel Insurance

For many homeowners, one of the biggest investments they will make is purchasing a house. From choosing the right location to selecting the perfect paint color, much time, effort, and money goes into making a house feel like a home. However, amidst all the excitement and preparations, oftentimes, one crucial aspect of homeownership gets overlooked – the electrical system.

The safety and functionality of the electrical system in a home is of utmost importance, as it not only provides convenience but also protects from potential hazards. One component of the home’s electrical system is the electric panel, also known as the circuit breaker box. This panel is responsible for distributing electricity throughout the house, and it plays a crucial role in preventing electrical fires.

As a licensed electrician servicing Providence County, Rhode Island, I have seen my fair share of damaged electric panels, many of which were manufactured by Federal Pacific Electric (FPE). We will delve into the issue of FPE panels, and the importance of protecting your home with proper insurance coverage.

The Troubling History of Federal Pacific Electric Panels

In the 1950s and 1960s, FPE was one of the leading manufacturers of electric panels, used in millions of homes across the United States. However, in the 1980s, several independent studies revealed major issues with FPE panels that posed a significant fire risk.

According to these studies, FPE panels were found to have design flaws that caused them to fail to trip when overloaded, leading to potential electrical fires. Additionally, the breakers in these panels were found to be unable to properly shut off power in an emergency, increasing the risk of electrocution for individuals trying to make repairs.

To make matters worse, there were reports that FPE knowingly misrepresented their panels as being UL (Underwriter Laboratories) certified, when in fact, they did not pass safety standards. Despite these findings, FPE denied any wrongdoing and continued to manufacture and sell their panels until their closure in 1980.

The Impact of Federal Pacific Electric Panels on Home Insurance

The discovery of the hazards associated with FPE panels caused many insurance companies to take notice. As a result, many insurance providers in the United States began to refuse to insure homes with FPE panels or charged higher premiums.

Homeowners with FPE panels may face difficulties when trying to sell their homes, as many potential buyers are wary of purchasing a property with a known safety hazard. This can lead to extended periods on the market and lower sale prices. Therefore, it is crucial to consider insurance coverage for FPE panels to protect the value and safety of your home.

Protecting Your Home with Federal Pacific Electric Panel Insurance

With the increasing awareness of the dangers associated with FPE panels, it is not surprising that insurance providers are now offering coverage specifically for these panels. Federal Pacific Electric panel insurance provides coverage for replacement and repair of damaged panels and any electrical damage caused by them.

As a homeowner in Elmhurst, Providence County, Rhode Island, it is essential to be proactive in protecting your home and loved ones from potential hazards. In today’s world, we often overlook the importance of regular maintenance and proper insurance coverage for our homes. However, when it comes to the electrical system, taking preventative measures can save you from significant financial and safety risks in the long run.

Finding the Right Electrician for Federal Pacific Electric Panel Insurance

Now that you understand the potential risks associated with FPE panels and the importance of proper insurance coverage, it is crucial to find a licensed electrician who can help you assess your home and provide the appropriate insurance coverage.

B&K Electric, a family-owned and operated electrical business based in Warwick, RI, specializes in electrical repair, panel maintenance, and installation. With over seventeen years of experience, B&K Electric takes pride in serving the residents of Cranston, Warwick, and all of Rhode Island.

Our team of qualified electricians is equipped to handle all your electrical needs, from routine maintenance to insurance coverage for FPE panels. As your go-to electrician in the Warwick area and the greater Providence area, we are committed to providing top-notch customer service, rooted in our strong community values.

Protect Your Home with Federal Pacific Electric Panel Insurance Today

As a homeowner, your top priority is the safety and well-being of your family and your home. Protecting your home from potential electrical hazards is not something to be taken lightly. With the troubling history of FPE panels, it is crucial to have proper insurance coverage to safeguard your investment and loved ones.

At B&K Electric, we understand the importance of protecting your home and the value it holds for you. Contact us today to schedule an inspection of your home’s electrical system and to discuss your insurance coverage options for FPE panels. Let us help you keep your home safe, one switch at a time.

Topics:

Federal Pacific Electric Panel Insurance,

Electrical Safety,

Home Insurance