Insurance Coverage for My Electrical Wiring
After a devastating visit from Mother Nature that leaves downed power lines, damaged electrical services, flooded basements and distraught home owners in its wake, your electrical contractor is always faced with this question: “Is there insurance coverage for my electrical wiring?”
We have no way of knowing. Almost all insurance companies have different rules regarding what they do and do not cover. Here are 10 things to confirm with your insurance provider BEFORE you choose a policy.
- Is there insurance coverage for my electrical wiring and the main electrical service (including poles) from storm-related damage from falling trees?
- Is there insurance coverage for my electrical wiring if it gets hit by lightning?
- Is there insurance coverage for my electrical wiring when it gets hit by by external surges other than lightning like transformer failures originating off the property? We have been to houses where every piece of electronic equipment (TV, computers, washer/dryer, fridge, furnace and A/C) have been ruined by a surge
- Will insurance cover sump pump failure?
- Are back-up sump pump systems powered by batteries or municipal water pressure required to obtain sump pump failure insurance?
- Will insurance cover sewer/septic back-ups?
- Will insurance cover the cost of verifying/remediating the integrity of electrical/plumbing/heating equipment after a fire/flood as prescribed in the Electrical Safety Code and the Ontario Building Code?
- Will a back-up generator be a benefit to insurance requirements and will that be reflected in the premiums?
- Will a Ontario Building Code compliant upgrade to the latest smoke/CO detection system be a benefit to insurance requirements and will that be reflected in the premiums?
- Will a monitored security/smoke/CO/low temperature system be a benefit to insurance requirements and will that be reflected in the premiums?
