His response to me was "to reduce the risk of claim". I asked the question, why has the IBC chosen to enforce the upgrading of the electrical service from 60 to 100 amps. In 2014, I called the Insurance Bureau of Canada and spoke with a Mr. Now this concerned me, because if the house was not insurable, then the mortgage broker can not issue a mortgage, catch 22. This means that what exists, can exist, except now, the insurance companies, the underwriters have decided, that if you sell your house, the house must be upgraded to 100 amp, before they will assure insurance to the new buyers. Because of the fact that these homes were built a long time ago, and passed their electrical inspections at that time, they are whats called "grandfathered".
100 amp panel installation code#
The Canadian Electrical Code requires that any residence, that is 80m squared or smaller excluding the basement, be 60 amp rated. Others have decided that an extra large premium will be charged if a 60 amp service was to remain. Having said that, there are a couple of insurance companies that have come to light, that have decided to allow condo's and town houses to retain the 60 amp services.
It has been obvious that the majority of the underwriters in the area have chosen to make a blanket policy that includes all 60 amp services be upgrades, including town houses and condo's. Robart Electrical Services Ltd., in the last 2 years alone, has upgraded over 250 residential services and in my experience, the underwriters with the local insurance companies have chosen to disregard this recommendation. There was an article (bulletin #AM96-04) released by the Insurance Bureau of Canada calling for "common sense in the evaluation and underwriting of homes with 60 amp services". When buying an older home, built prior to 1965, chances are you will have to deal with upgrading the basic power to the house. Unless you can find one of those insurance providers that will give insurance with a higher than normal premium, but these are far and few between. What this means, is that if you are buying an older house with a 60 amp service, it will have to be upgraded in order to get insurance.
The Insurance providers have decide that they want residential services upgraded to the minimum 100 amp capacity.
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