Many homeowners in Victoria are surprised to learn that their electrical system can directly affect home insurance coverage. Older panels, fuse boxes, and outdated wiring can lead to higher premiums — or even denied coverage.
At AE Electric & HVAC Systems Ltd, we regularly help homeowners upgrade their electrical systems to meet modern safety standards and insurance requirements. Here’s what you should know.
Why Insurance Companies Care About Electrical Systems
Insurance providers assess risk. Outdated electrical systems increase the risk of:
- Electrical fires
- Equipment failure
- Overloaded circuits
- Property damage
Because of this, insurers often require electrical upgrades before issuing or renewing a policy.
Common Electrical Issues That Affect Insurance
Insurance companies in BC commonly flag:
- Fuse boxes
- 60-amp or 100-amp panels
- Aluminum wiring
- Federal Pioneer / Stab-Lok panels
- Knob-and-tube wiring
If your home has any of these, your insurer may request an electrical inspection or upgrade.
Fuse Boxes and Insurance Coverage
Fuse boxes are one of the most common reasons insurance companies deny or restrict coverage.
Compared to modern breaker panels, fuse boxes:
- Lack modern safety features
- Are difficult to modify or expand
- Increase the risk of improper fuse replacement
Most insurers now require fuse boxes to be replaced with breaker panels.
Electrical Panel Upgrades and Insurance Benefits
Upgrading your electrical panel can:
- Improve home safety
- Lower insurance risk
- Make policy approval easier
- Support modern appliances and systems
- Prepare your home for heat pumps and EV chargers
In some cases, homeowners see lower premiums after completing required upgrades.
Do You Need an Electrical Inspection?
Insurance companies may request a licensed electrical inspection if:
- You’re purchasing an older home
- You’re switching insurance providers
- Your panel is outdated
- You’re planning major upgrades
A professional inspection can identify issues early and prevent insurance delays.
Planning Upgrades the Right Way
Electrical upgrades should always be:
- Performed by a licensed electrician
- Completed with permits
- Inspected and approved
Unpermitted or DIY electrical work can create insurance problems — even if it appears to be functioning correctly.
How We Help Victoria Homeowners
At AE Electric & HVAC Systems Ltd, we:
- Perform electrical safety inspections
- Upgrade panels and wiring
- Replace fuse boxes
- Handle permits and inspections
- Provide documentation for insurance companies
Our goal is to make the process simple and stress-free.
Book a Free Electrical Safety Assessment
If you’re unsure whether your electrical system meets insurance requirements, we can help.
A quick assessment can identify issues and help you plan upgrades before they become a problem.
Book Your Free Electrical Safety Assessment Today
Serving homeowners across Victoria and Vancouver Island.
📞 (250) 589-3314
📧 support@ae-electric.ca
Frequently Asked Questions
Can insurance deny coverage due to electrical issues?
Yes. Outdated or unsafe electrical systems can lead to denied or limited coverage.
Do all older homes need electrical upgrades?
Not always, but many require updates to meet modern safety standards.
Will insurance companies accept DIY upgrades?
Usually no. Most insurers require work by licensed electricians with permits.