Insure Your Home Against Electric Hazards

Federal Pacific Electric Panel Insurance

As a homeowner in zip code 02904 in North Providence, Rhode Island, you may have heard of the term Federal Pacific Electric (FPE) panel and the potential safety hazards associated with it. But what exactly is a Federal Pacific Electric panel, and why should you be concerned about it? In this article, we will explore the history of Federal Pacific Electric panels, the dangers they pose, and how to protect your home by getting the right insurance.

But before we dive into the details, let’s introduce ourselves. B&K Electric is a family-owned and operated electrical business based in Warwick, RI, that is rooted in community and customer service. Our team of licensed electricians have been proudly serving the residents of Cranston, Warwick, and all of Rhode Island for over seventeen years. We specialize in electrical repair, panel maintenance, and installation, making us your go-to electrician for your home or business in the Warwick area and the greater Providence area.

Now, let’s get back to the topic at hand – Federal Pacific Electric panels. These panels, also known as Stab-Lok panels, were widely installed in residential homes from the 1950s to the 1980s. They were seen as a cheaper alternative to other electrical panels, making them a popular choice among home builders. However, in the 1980s, reports started surfacing about potential safety hazards associated with these panels.

One of the main dangers of FPE panels is their high failure rate. These panels have faulty breakers that have been known to fail to trip during an overload or short circuit, resulting in electrical fires. This issue is exacerbated by the fact that these panels do not have a main shut-off switch, making it difficult to isolate the power in case of an emergency. The Consumer Product Safety Commission (CPSC) has estimated that these panels may have caused over 2,800 electrical fires, resulting in numerous deaths and injuries.

But why have these panels not been recalled or banned from use? In short, it is because FPE went bankrupt in the late 1980s and is no longer in operation. This has left homeowners with these potentially hazardous panels without a clear solution. Some experts believe that replacement of the panel is the best option, while others argue that with proper maintenance and testing, the panels can still be safe to use.

This brings us to the question – can insurance help protect your home from the potential dangers of a Federal Pacific Electric panel? The answer is not a straightforward yes or no. Insurance companies may offer partial coverage for damages caused by an electrical fire, but they may also exclude coverage if the fire is deemed to be caused by a known defect or negligence. This means that if your insurance company determines that the fire was caused by a faulty FPE panel, they may deny your claim.

With this in mind, it is essential to have a conversation with your insurance provider to fully understand your coverage and any exclusions related to Federal Pacific Electric panels. It is also important to have your panel regularly inspected and maintained by a licensed electrician to ensure its safety. This may not only help prevent potential hazards but also demonstrate to your insurance company that you are taking the necessary steps to mitigate any risks.

Another option for homeowners with FPE panels is to get them replaced. This may involve hiring a licensed electrician to remove the old panel and install a new one. It is crucial to note that this can be a costly endeavor, with an average cost of $1,500 to $3,000. However, many experts argue that the cost of replacement is a small price to pay for the safety and peace of mind it provides.

As a homeowner, it is your responsibility to ensure the safety of your home and family. This includes staying informed about potential hazards and taking the necessary steps to mitigate any risks. Federal Pacific Electric panels have been known to pose significant safety concerns, and it is crucial to address the issue promptly. This can involve regular maintenance, conversations with your insurance provider, or even replacement of the panel.

At B&K Electric, we understand the importance of electrical safety in your home. Our team of licensed electricians is well-equipped to help you with any concerns or needs regarding your FPE panel. Don’t wait until it’s too late – contact us today to schedule an inspection and ensure the safety of your home and loved ones.

Topics:

Federal Pacific Electric panel,

electrical safety,

insurance coverage