Co-op/Condo Insurance Compliance and Federal Pacific Panels

Faced insurance denial due to your building's electrical panels?

In multi-family settings, where you share infrastructure, outdated panels like Federal Pacific pose a collective risk. Often during diligence on a policy change a carrier will require all Federal Pacific panels to be replaced before extending coverage.

Co-op and condo boards face a tough decision: mandate individual owner's schedule their panel replacements or set up a program for controlled upgrades? We advocate for a program with custom retrofit options, especially when upgrading multiple panels.

While it doesn't make sense for a just a few panels, when you have 20, 50, 100, or even 1,000 to upgrade there are incredible benefits.

1. Each retrofit can be done in an hour instead of four to eight that a traditional replacement would take.

2. Riser shutdowns can be done at one time instead of chaotically over the weeks and months it would take all of the individual residents to schedule.

3. Instead of the $2,000-4,000 for a panel replacement you can see pricing below $1,500 which helps mitigate the impact of an unplanned upgrade on your budget.

4. There are no other trades required because all the work happens in the current panel. No drywall work or painting.

Don't let insurance woes linger. Upgrade to safer electrical panels with Ability Service and ensure peace of mind for your entire community.

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