Condo insurers assess risk constantly, and poorly designed electrical infrastructure is historically one of the things that weighs against a policy. Interestingly, the reverse also tends to be considered.
What's already covered at no cost
The station installed by PowerUp already comes with its own full insurance, covering physical damage, electrical damage, and theft by break-in, without the building needing to add it to its own policy.
Worth the conversation: since the installation follows electrical and fire-safety codes, it's an infrastructure upgrade worth bringing to the building's insurer at the next renewal.
It's not a promise, it's a question worth asking
Not every insurer treats this the same way. But avoiding even the question means giving up a possible advantage at zero cost to check.
Guilherme Aquino CamargoManaging Partner at PowerUp