Protect Your Home & Assets with FPE Insurance

Federal Pacific Electric Panel Insurance

As a homeowner in the zip code 02910 in Cranston Providence, Rhode Island, you take pride in your property. You have worked hard to make your house a home, and you want to do everything in your power to keep it safe and in good condition. However, what many homeowners in the United States don’t know is that their homes may be at risk due to faulty electrical systems.

According to the Electrical Safety Foundation International, approximately 51,000 home fires each year are attributed to electrical malfunctions, resulting in over 500 deaths and $1.3 billion in property damage. These statistics are alarming, and it’s important for homeowners to understand their electrical systems and take necessary precautions, such as investing in federal pacific electric panel insurance.

B&K Electric, a family-owned and operated electrical business based in Warwick, RI, has been serving the residents of Cranston, Warwick, and all of Rhode Island for over seventeen years. We specialize in electrical repair, panel maintenance, and installation, and we are well-versed in the importance of federal pacific electric panel insurance.

The Potential Dangers of Federal Pacific Electric Panels

To understand the importance of federal pacific electric panel insurance, it’s essential to know what these panels are and why they can pose a risk to your home. Federal Pacific Electric (FPE) panels were widely used in the United States from the 1950s to the 1980s and were installed in millions of homes. These panels are responsible for distributing electricity from the main electrical line into different circuits throughout a home.

However, FPE panels have been found to have significant design flaws, making them a potential safety hazard. These panels have been known to malfunction and fail to trip during an overload or short circuit, causing electrical fires. The Consumer Product Safety Commission (CPSC) conducted a study in the 1980s and found that FPE panels were responsible for over 2,800 electrical fires and numerous deaths and injuries.

It’s also worth noting that FPE went out of business in 1980, and the company has since been accused of cutting corners and failing to meet safety standards. As a result, FPE panels are no longer UL (Underwriters Laboratories) listed, which means they cannot be sold or used in new construction. However, many homes in the United States, including those in Cranston Providence, still have these panels installed.

Why Federal Pacific Electric Panel Insurance is Necessary

The risks associated with FPE panels are clear, and as a homeowner, you must take all necessary precautions to protect your property, your family, and yourself. One of the most effective ways to do this is by investing in federal pacific electric panel insurance.

Federal pacific electric panel insurance is essentially an insurance policy that covers the costs of repairing or replacing an FPE panel in the event of a fire or other electrical incident. This means that you won’t be held financially responsible for any potential property damage or injuries due to your FPE panel malfunctioning.

At B&K Electric, we highly recommend that all homeowners with FPE panels consider getting insurance to protect themselves and their homes. While some insurance policies may cover damages caused by faulty electrical systems, it’s important to note that they may not cover the cost of replacing the panel itself. Federal pacific electric panel insurance specifically covers the cost of a new panel, providing homeowners with peace of mind and protection against potential financial burdens.

How to Determine if You Have an FPE Panel and What to Do About It

If you are unsure whether your home has an FPE panel or not, it’s important to consult a licensed electrician. At B&K Electric, we offer panel inspections to determine the type of panel you have and its potential risks. If it is found that you do have an FPE panel, we highly recommend investing in federal pacific electric panel insurance.

In addition, it’s essential to have regular inspections and maintenance performed on your electrical system. This includes panel maintenance, checking for loose connections, and ensuring that breakers are in good working condition. These inspections can help identify potential hazards and prevent any accidents from occurring.

Conclusion:

At B&K Electric, we understand the importance of protecting your home and your assets. As a family-owned and operated business, we value community and customer service, and we take pride in serving the residents of Cranston, Warwick, and Rhode Island. With over seventeen years of experience in electrical repair, panel maintenance, and installation, we are well-equipped to assist you with all of your electrical needs.

If you are a homeowner in the United States, especially in the residential industry, it’s important to understand the risks associated with FPE panels and take necessary precautions to protect your property. Federal pacific electric panel insurance is a vital investment that can provide you with peace of mind and financial security. Contact B&K Electric today for a panel inspection and invest in the safety of your home.

Topics:

Federal Pacific Electric Panel Insurance,

Electrical Hazards,

Home Safety