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Federal Pacific Electric Panel Insurance


The safety and security of our homes and families is of the utmost importance to all of us as homeowners. We strive to create a warm and welcoming environment where our loved ones can thrive and feel protected. As such, it is crucial for us to ensure that our homes are equipped with reliable and safe electrical systems. One key component of our electrical system is the electric panel, also known as the breaker box or fuse box.

Here in Elmhurst, Providence County, Rhode Island, the residents take pride in their homes and are always looking for ways to improve and maintain them. That’s where B&K Electric comes in – a family-owned and operated electrical business based in Warwick, RI, that is rooted in community and customer service. With over seventeen years of experience, our team of dedicated and skilled electricians are here to provide top-quality electrical repair, panel maintenance, and installation services to homeowners in Cranston, Warwick, and all of Rhode Island.

As a homeowner, you have probably heard of the term Federal Pacific Electric Panel Insurance. But what exactly is it, and why is it essential?

Understanding Federal Pacific Electric Panels

Federal Pacific Electric (FPE) was a popular manufacturer of electric panels from the 1950s to the 1980s, with their panels commonly found in residential homes across the United States. These panels were known for their affordability and were installed in millions of homes during this time.

However, over the years, concerns began to arise regarding the safety and reliability of FPE panels. In 1982, a report by the Consumer Product Safety Commission (CPSC) highlighted the potential for FPE panels to overheat and cause fires. The report stated that FPE panels had a design flaw which made them prone to failure, leading to dangerous arcs and sparks that could ignite a fire.

In 1983, FPE went bankrupt, and since then, the company has been out of business. However, millions of homes across the country still have FPE panels installed, posing a potential safety hazard.

Why Is Federal Pacific Electric Panel Insurance Important?

The main reason for purchasing federal pacific electric panel insurance is to ensure the safety and well-being of your home and family. Homes with FPE panels are at a higher risk of electrical fires, which can be devastating and put lives at risk. In fact, the CPSC estimates that homes with FPE panels are 55 times more likely to experience electrical fires.

Furthermore, having an FPE panel can also increase your insurance premiums and make it difficult to sell your home. Insurance companies may view homes with FPE panels as high risk and may charge higher premiums. In some cases, they may even refuse coverage altogether. This can be a significant concern for homeowners looking to sell their property, as buyers may be hesitant or unable to get insurance for a home with an FPE panel.

Additionally, if you are planning to renovate your home or add an addition that requires new electrical work, most building codes will require you to replace your FPE panel. By having federal pacific electric panel insurance, you can avoid these unexpected and potentially costly expenses.

Benefits of Federal Pacific Electric Panel Insurance

1. Safety: As stated earlier, the main reason for purchasing federal pacific electric panel insurance is to ensure the safety of your home and family. By replacing your FPE panel with a newer and safer one, you can have peace of mind knowing that your electrical system is up to standard and won’t pose a risk to your loved ones.

2. Lower Insurance Premiums: By replacing your FPE panel, you can avoid the risk of increased insurance premiums or even being denied coverage. This can potentially save you hundreds, if not thousands, of dollars in insurance costs in the long run.

3. Increased Home Value: Upgrading your electrical panel to a safer and more modern version can increase the value of your home. This is especially important if you are planning to sell your home in the future, as potential buyers will be reassured that the home has a safe and reliable electrical system.

4. Compliance with Building Codes: Most building codes now require that homes have updated and safe electrical panels. By replacing your FPE panel, you are ensuring that your home meets all necessary safety and building standards.

Federal pacific electric panel insurance is vital for the safety and protection of your home and family. It can save you from potential fires, costly renovations, and insurance complications. As a trusted and reliable electrical company in the Warwick area and the greater Providence Area, B&K Electric is here to help you make the necessary upgrades to your electrical system. Contact us today to schedule a consultation and ensure that your home is equipped with a safe and reliable electric panel.


Federal Pacific Electric Panel Insurance,

Electrical Safety,

Homeowners Insurance.