For the tenth consecutive year, New York Property Insurance Underwriting Association (NYPIUA) is offering its policyholders money to repair and improve the electrical systems in their homes.  We have approved grants to more than 1,000 policyholders for over one million dollars.

Our policyholders have installed new circuit breaker panels, added new outlets to minimize the use of extension cords and power strips, fixed broken outlets and fixtures, and have complete other necessary electrical improvements.

Every year our claims staff reviews hundreds of claims files describing fires.We find that the highest percentage of fires in homes is caused by some malfunction in the electrical system or in an appliance.Many lives are lost and millions of dollars of property damage result from electrical systems that should be repaired and modernized.

An application to the program can be found under the “Grant Program” tab on our website.Applications may be submitted electronically or you may print and mail it.

 

Who is Eligible for the Grant? Applicants must meet each of these conditions to be eligible for the Grant Program: Be an owner of a dwelling with up to four apartments who has owned and lived at that  property for three years or more.  Be insured by NYPIUA at that location for at least three years. Be an individual with family income less than the New York State mean. (Salary, pension, Social Security, disability, rental income, and family contributions are considered.) How does the Program Work? You must complete an application via our website, www.nypiua.com or print it and mail it to us. NYPIUA will arrange to inspect your home to document what repairs you plan to make. Eligible applicants will be asked to submit a written estimate from a licensed electrician. You choose the electrician. We will then review and approve the estimate. When the work is completed, notify NYPIUA. After verification, we will mail a check for the grant award. We do not pay for work completed prior to approval. How Much will NYPIUA Pay? The amount we will pay depends on your income and the cost of the work. Income includes salary, social security, pensions, rental income, and other sources. If your family income is $20,000 or greater, we will pay 50% of costs up to $1,500. If your family income is less than $20,000, we will pay 75% of the cost up to $2,500. NYPIUA will make its payment after the work has been completed. You will be required to pay the remainder of the electrician’s charges. You are not required to repay the grant. It is not a loan.