Bay Area homeowners could get coverage denied or canceled for having outdated electrical systemKnob and tube wiring in older homes faces insurance issues, leading to policy cancellations and mortgage approval problems.
How can buyers score a victory when old home features electrical, insurance woesInsurance providers may not cover homes with active knob & tube wiring unless they are replaced within a specified time frame after closing.Upgrading electrical panels and wiring is crucial to obtaining hazard insurance for older homes.