Electric panel and insurance.

[Huiping S.]

"Aluminum wires is in the electrical panel. It is not a hazard, but insurance may not insure with aluminum wiring present". This is the panel in the laundry room with water heater and lots lines.

This is the #1 issue from a new inspection and the inspector told me.

I didn't get an chance to quote insurance yet. Can folks help me understand few questions?

1) How much will cost to replace this panel, especially Tampa area?

2) This is an old property and the seller take care it very well and didn't see any issue now. If the electricity panel will not be replaced, what are the possible consequences?

3) Will insurance refuse to insurance this property or just electricity related (everything related to electricity)?

4) Generally, when the inspector conducts the inspection, he/she will not talk so much and busy but send a report late. Who should help the buyer to understand the inspection repot, and how can a buyer know how much will cost to fix some big issues which can use for further negotiate the price or cost with the seller?

Really appreciate your input!!

Huiping