Avoid these mistakes in electrical emergencies!
Financial Implications of Electrical Emergencies
The financial impact of electrical emergencies can be substantial. According to the National Fire Protection Association, electrical fires cause an estimated $1.3 billion in property damage annually in the United States1. Repairing electrical damage can be costly, with expenses ranging from a few hundred to several thousand dollars depending on the severity of the issue.
Fortunately, many insurance policies cover electrical damage, but it's crucial to review your coverage to understand the specifics. Regular maintenance and timely repairs can also help mitigate costs by preventing emergencies from occurring in the first place.