If already insured, will insurance pay for Federal Pacific Stab-Lok panel that show signs of issues?

1. 

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   Jim Winkler

   CEO/Owner, Winkler Financial Group, Houston, Texas

   That is a great question! There have been issues with Federal-Pacific breaker boxes for years - I've heard that nearly 1 in 4 are defective...They were actually investigated some years ago, and found guilty of fraudulent testing. Faulty wiring is usually a covered expense so your homeowners policy should cover some or all of the cost (minus deductible). They put an awful lot of those things in homes during that time, so there are a lot of folks in the same boat you are. Good luck! Thanks for asking!

   Answered on April 15, 2015

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   Greg Roover

   Public Adjuster - Loss Appraiser, Claim Concepts, Florida

   This is more of a maintenance issue and would not be covered under most policies. The standard homeowners policy covers you for direct physical damage to property which is sudden and accidental in nature. If the Stab-Lok panel does malfunction and cause damage to your property, the ensuing damages would be covered. Homeowners insurance is not intended to assist with the maintenance of the home and its systems.

   Answered on May 6, 2015

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