Home Electrical Insurance FAQ’s
Does homeowners insurance cover electrical problems?
Homeowners insurance typically covers sudden and accidental damage to your electrical systems caused by covered perils like fire, lightning, or falling objects. However, it generally does not cover wear and tear, lack of maintenance, or faulty workmanship.
What is usually excluded from typical homeowners insurance coverage for electrical issues?
Most homeowners insurance policies exclude coverage for damages caused by wear and tear, age, corrosion, lack of maintenance, faulty workmanship, repairs, installation, and circuit overloads.
Will insurance cover old wiring?
Many insurance companies are hesitant to cover homes with outdated wiring systems like knob-and-tube or aluminum wiring. They may require an electrical inspection and upgrades before providing coverage or charge higher premiums due to the increased risk.
Does homeowners insurance cover electrical panel replacement?
In most cases, insurance will not cover the costs of upgrading an electrical panel simply because it is outdated. However, if the panel is damaged by a covered peril, such as a fire, insurance may cover the replacement costs.
Which electrical panels are uninsurable?
Some older electrical panels, such as those with fuse boxes or certain brands of circuit breakers with known safety issues, may be uninsurable. Insurance companies may require you to upgrade these panels to maintain coverage.
Does house insurance cover fuse box replacement?
Most insurance policies will not cover the costs of replacing a fuse box with a modern circuit breaker panel unless the fuse box is damaged by a covered peril. However, your insurance company may require you to upgrade your fuse box to maintain coverage.