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The New Insurance Requirements for Your Aging Electrical Panels
What to do When Your Insurance Company Forces You to Replace Electrical Panels
Electrical panels are crucial for distributing power throughout a building, but not all panels are deemed safe by insurance companies. Electrical panels such as those made by Challenger, Federal Pacific (FPE Stab Lok panels), GTE Sylvania, and Zinsco, are believed to be hazardous and are often rejected by insurance companies due to risks of overheating, arcing, sparking, and even fires.
The main issue with these panels is that they were designed or made when safety standards weren't as strict as they are today, and/or the panels contain components that do not meet today's safety codes, making them more likely to fail and pose serious safety hazards. When existing, old electrical panels can no longer be insured, property managers always look to Kim Hopkins of the Electric Connection of Los Angeles to retrofit electrical panels and ensure the panels provide residents with insurable, safe, and compliant electricity.
DISCUSSION TOPICS INCLUDE:
- Are you a risk of losing your insurance coverage? Which property owners are affected and why?
- What should you do when you get “the letter” from your insurance carrier?
- What brands of electrical panels do insurance companies want you to replace?
- How can you avoid unnecessary expenses when replacing panels?
- How to select the best electric contractor for panel replacements?
- What questions should you be asking, and what are some “red flags” to look out for?
- How can you find great, reliable electric contractors and avoid potential “contractor traps”?
- What are some of the “contractor traps” that should be avoided?
GUEST SPEAKER: Kim Hopkins, President and Founder, The Electric Connection of Los Angeles
Kim Hopkins is the Founder and President of the Electric Connection of Los Angeles. He started The Electric Connection in 1979, and over the years the company has grown into a 30-employee company, providing electrical services to property owners and businesses throughout the Los Angeles metropolitan area. The Electric Connection believes in quality and offers a lifetime guarantee on all their work.
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By Apartment News Publications, Inc. on behalf of the Apartment Association of Greater Los AngelesWhat to do When Your Insurance Company Forces You to Replace Electrical Panels
Electrical panels are crucial for distributing power throughout a building, but not all panels are deemed safe by insurance companies. Electrical panels such as those made by Challenger, Federal Pacific (FPE Stab Lok panels), GTE Sylvania, and Zinsco, are believed to be hazardous and are often rejected by insurance companies due to risks of overheating, arcing, sparking, and even fires.
The main issue with these panels is that they were designed or made when safety standards weren't as strict as they are today, and/or the panels contain components that do not meet today's safety codes, making them more likely to fail and pose serious safety hazards. When existing, old electrical panels can no longer be insured, property managers always look to Kim Hopkins of the Electric Connection of Los Angeles to retrofit electrical panels and ensure the panels provide residents with insurable, safe, and compliant electricity.
DISCUSSION TOPICS INCLUDE:
- Are you a risk of losing your insurance coverage? Which property owners are affected and why?
- What should you do when you get “the letter” from your insurance carrier?
- What brands of electrical panels do insurance companies want you to replace?
- How can you avoid unnecessary expenses when replacing panels?
- How to select the best electric contractor for panel replacements?
- What questions should you be asking, and what are some “red flags” to look out for?
- How can you find great, reliable electric contractors and avoid potential “contractor traps”?
- What are some of the “contractor traps” that should be avoided?
GUEST SPEAKER: Kim Hopkins, President and Founder, The Electric Connection of Los Angeles
Kim Hopkins is the Founder and President of the Electric Connection of Los Angeles. He started The Electric Connection in 1979, and over the years the company has grown into a 30-employee company, providing electrical services to property owners and businesses throughout the Los Angeles metropolitan area. The Electric Connection believes in quality and offers a lifetime guarantee on all their work.