New Program to Help Policyholders Reduce Electrical Hazards

New York Property Insurance Underwriting Association (NYPIUA) has announced a new program to help policyholders make electrical repairs to their homes. The program is aimed at those who are not financially able to independently fund electrical repairs or improvements which would reduce electrical fire hazards.

NYPIUA President, Joseph A. Calvo announced the program saying that it is being initiated on a pilot basis. The first 100 qualifying policyholders to apply to the program will be eligible for a grant of up to $1,500 which will be awarded on a matching-funds basis. The funds must be used to repair or upgrade the electrical system in the home.

To qualify for the pilot grant program, policyholders must have been insured by NYPIUA for no less than the past five consecutive years, must be an owner occupant of a one or two-family home, and must demonstrate financial need.

"Through a variety of educational programs, NYPIUA is committed to helping its policyholders identify and eliminate electrical hazards in their homes," said Mr. Calvo. "We are hopeful that over time this pilot program will expand, enabling more people to protect their lives and property from fires by making necessary repairs and improvements to their electrical systems."

A study of NYPIUA fire claims which resulted in building losses in excess of $2,000 showed that nearly twenty-five percent of the fires were electrical. To highlight electrical and other fire hazards to its policyholders and the general public, NYPIUA has produced a video entitled "Safe at Home". An interactive computer program on CD-ROM is also available.

Use the "Feedback" button on our web page to request information and a copy of an application for the grant program.

   

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