For condominium associations and property managers, maintaining safe and up-to-date electrical systems isn’t just about ensuring reliable service—it’s about staying in insurance compliance and keeping insurance policies valid. In recent years, insurance companies have become increasingly strict about the types of electrical components that are acceptable in residential and multi-family dwellings. Failing to replace outdated or non-compliant equipment can result in higher insurance premiums—or worse, denial of coverage.
Why Electrical Compliance Matters to Insurance Carriers
Insurance providers assess risk when underwriting policies. Electrical components that are known to pose fire or shock hazards, such as Federal Pacific panels, Zinsco panels, or outdated aluminum wiring, are often flagged during inspections. These components have a history of malfunction, creating liability concerns that most insurers won’t accept.
Some of the common red flags include:
- Federal Pacific Electric (FPE) panels – These panels often fail to trip under overcurrent conditions, creating a serious fire hazard.
- Zinsco panels – Known for internal arcing and failed breakers.
- Aluminum branch wiring – Especially in circuits that were not installed with proper terminations and connections.
- Ungrounded systems – Older condos without grounded outlets may also be considered unsafe.
- Lack of GFCI/AFCI protection: Required by modern code in kitchens, bathrooms, laundry areas, and bedrooms for occupant safety.
Insurance Requirements Are Getting Stricter
We’ve seen cases where insurance companies have outright refused to renew policies until certain electrical upgrades were completed. Even when coverage is granted, premiums can spike significantly if underwriters determine the building poses higher-than-average risk due to its electrical infrastructure.
Some insurers will list replacement of hazardous equipment as a condition of continued coverage, giving property owners a short timeframe to bring their systems into compliance.
How We Help Condo Associations Stay Covered
At Precise Building Services, we specialize in electrical upgrades that help condo boards and management companies meet both insurance and code requirements. Our services include:
- Replacement of Federal Pacific and Zinsco electrical panels
- Full or partial rewiring to eliminate aluminum branch circuits
- Grounding and bonding upgrades
- Electrical service panel upgrades to support modern electrical demands
- GFCI/AFCI protection installation per NEC and insurance standards
- Certified inspection reports for insurance companies
We provide detailed documentation, before-and-after photos, and certified inspection reports to help you present proof of compliance to your insurance provider.
The Benefits Go Beyond Insurance Compliance
Upgrading your condo’s electrical system has long-term benefits:
- Lower insurance premiums
- Improved occupant safety
- Greater energy efficiency
- Higher property value
- Fewer outages and electrical failures
Modernizing your building’s electrical infrastructure is an investment in the long-term stability and appeal of your property.
Stay Proactive, Not Reactive
Don’t wait for an insurance cancellation notice or a denied claim to take action. If your condo building hasn’t had an electrical inspection or upgrade in the last 10 years, now is the time. Upgrades not only reduce liability—they also increase safety, improve energy efficiency, and boost property value.
Contact Precise Building Services for Expert Condo Electrical Replacements
Contact Precise Building Services today for an assessment. We’ll walk you through what’s needed, what insurance companies are requiring, and how we can make the process simple and cost-effective for your building.
Call us today at (202) 827-2214 or email service@precisebuildingservices.com to schedule your inspection and keep your condo protected.
