Electrical Damage (Insurance or no?)

[Cody Brown]

I have a duplex (built around 1940) that has an older fuse style breaker box.  It overloading this weekend and burnt part of the breaker box.  I had one electrician come out this weekend and recommend a full rewire of the home which would cost roughly $12k to accomplish.  The home has part of the outlets grounded and part of them not grounded and I believe it has aluminum wiring.  I have a standard landlord policy with a $1k deductible but I'm not sure if I should pursue getting my insurance involved since I don't know if this type of full rewire would normally be covered by them.  I do have lost rental income coverage as well.  I'm happy to provide more detail, but I'm not entirely sure what else to provide.  Any help, advice, or questions are appreciated.  The property is in Arkansas. 

[Greg Scott]

I've made about 10 insurance claims over the years, totaling over $1.5M in payouts.

There is no downside in starting a claim, which you can always drop later.  I'd strongly urge you to hire a public adjuster.  (This is NOT an adjuster provided by your insurance company.  A public adjuster works for you.)  A public adjuster can tell you what is covered and get maximum payout to cover your repairs and loss of business.