We constantly hear from new homeowners and prospective buyers that electrical upgrades might be needed for a decades- or century-old apartment or townhouse, but “electrical work” is one of those vague terms that can mean anything from installing a light fixture to replacing a building’s internal wiring.
Because electrical magic happens behind walls, forecasting the extent and cost can be a big challenge and a big question if you’re budgeting for a renovation or for a new home purchase.
Because older buildings tend to generate more claims, it makes sense that a property insurer will ask a prospective or renewing policyholder for information about building systems in older properties.
These questions are found in the building improvements section under Additional Coverages of the Acord 140 Property Section of the insurance application.
Upgrading your electrical service means that you upgrade your electrical system to bring more power into your home.
Many older homes were built with 60 to 100 amps of electrical service.
In fact, the older a building, the more likely it is to have serious defects, particularly in critical building systems such as electrical, plumbing, HVAC and roofing.At the time the homes were built that was sufficient to meet the electrical needs of most homes.