Your home’s electrical panel probably isn’t the first thing that comes to mind when considering home renovations. Although a new kitchen or bathroom are more exciting home upgrades, upgrading your home’s electrical panel can be a matter of safety. Most electrical panels last 25-40 years and then need to be replaced.
According to the National Fire Protection Association (NFPA), around 13% of house fires from 2015-2019 resulted from an electrical failure and caused over a billion dollars in property damage each year. Electrical failures and malfunctions also accounted for 12% of injuries and 15% of deaths from house fires during the same period.
A common question we get from homeowners is whether their homeowner’s insurance will cover an electrical panel upgrade. Although you should always check with your specific homeowner’s insurer, let’s go over some general info on whether this service is covered.