60 Amp Electrical Panels
Does anybody know if it is possible to get insurance with 60 amp electrical service. I am looking into purchasing a rental property that is very small and has 60 amps. I do plan on updating it in a couple years just dont want to spend the money right away to update it. I havent bought the house yet but this is a major consideration in my decision. Maybe that is a bad idea to hold off on the panel. Just wondering also if there are certain codes out there relating to the subject and if they are national or regional. Hopefully somebody can shed some light on this subject. Thanks!!
Foremost asks that question and will not insure anything under 100 amps. They send out a rep to every house I buy who looks over everything then if there is a problemI have about a month to fix it or they drop me. I asked about 100 amp service and I was told there was to many loses to electrical fires so they now only will right it with 100 amp or better. This is just what has happened to me in my neck of the woods might be different in other areas.
I have insurance with several carriers and they all ask about amps.
Many insurance companies that I have used want a 4 point inspection done. The 4 points are electric, plumbing, A/C and roof. The electric has to be "upgraded" - whatever exactly that means. They also ask if there is central heat and air or window units (in FL).
State Farm does not ask any questions. But they do send someone out to inspect the property. My properties are all older, but in very good condition. So no idea what would happen if they sent someone out and the place needed repair.
Brenda