What is the Problem?
Federal Pacific Electric (FPE), a major electrical component manufacturer in business from the 1950s to the 1980s, sold millions of Stab-Lok® branded panels and circuit breakers. In 2002, a class action lawsuit in New Jersey ruled that FPE Stab-Lok® branded panels were not tested to UL Standards over the years, resulting in breakers that are slow to trip…or don’t trip at all up to 80% of the time. If a circuit breaker doesn’t trip, damage to your home can occur.
Many insurance companies will not insure a home with an FPE panel…or they will charge a premium for the additional risk.