---
title: Is There Financial Help for Insurance Mandated Replacements?
description: Exploring financial assistance options for Ohio condo associations mandated to replace Federal Pacific electrical panels to avoid depleting reserves and imposing special assessments on residents.
image: https://www.condoassociation.com/hubfs/CA%20Blog%20Hero-6-meter%20replacement.jpeg
---

[Skip to content](https://www.condoassociation.com/blog/financial-help-for-insurance-mandated-replacements#main-content)

# Is There Financial Help for Insurance Mandated Replacements?

| [Ohio](https://www.condoassociation.com/blog/topic/ohio) |  

<https://www.facebook.com/sharer/sharer.php?u=https://www.condoassociation.com/blog/financial-help-for-insurance-mandated-replacements>

<https://twitter.com/intent/tweet?url=&text=https://www.condoassociation.com/blog/financial-help-for-insurance-mandated-replacements>

<https://pinterest.com/pin/create/button/?url=https://www.condoassociation.com/blog/financial-help-for-insurance-mandated-replacements>

<https://www.linkedin.com/shareArticle?mini=true&url=https://www.condoassociation.com/blog/financial-help-for-insurance-mandated-replacements>

## What do you think? Question:

*This question was submitted by Nate from Ohio.*  

I am the President of a COA here in Ohio. We are being mandated by our insurance company that we have to replace every meter box and electrical panels in the complex because they are Federal Pacific. I understand that these are a fire hazard and should be changed, but a job this size would exhaust our reserves.

We are trying our very best to avoid a special assessment because we had to raise fees for 2025 by a fair percentage and residents are very unhappy.

I was hoping that there might be some sort of financial assistance or grants out there somewhere that we could apply for. I appreciate any advice. Thanks!

<https://www.facebook.com/sharer/sharer.php?u=https://www.condoassociation.com/blog/financial-help-for-insurance-mandated-replacements>

<https://twitter.com/intent/tweet?url=&text=https://www.condoassociation.com/blog/financial-help-for-insurance-mandated-replacements>

<https://pinterest.com/pin/create/button/?url=https://www.condoassociation.com/blog/financial-help-for-insurance-mandated-replacements>

<https://www.linkedin.com/shareArticle?mini=true&url=https://www.condoassociation.com/blog/financial-help-for-insurance-mandated-replacements>

## What do you think? Answers (3)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

## Related Posts

### [What is your clubhouse policy for private parties?](https://www.condoassociation.com/blog/what-is-your-clubhouse-policy-for-private-parties)

### [How can we force board to keep more funds in our reserve account?](https://www.condoassociation.com/blog/how-can-we-force-board-to-keep-more-funds-in-our-reserve-account)

### [Do we need interpreter for hearing impaired person on HOA board](https://www.condoassociation.com/blog/do-we-need-interpreter-for-hearing-impaired-person-on-hoa-board)

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "dateModified" : "2024-10-01",
  "datePublished" : "2024-10-01",
  "headline" : "Is There Financial Help for Insurance Mandated Replacements?",
  "image" : [ "https://www.condoassociation.com/hubfs/CA%20Blog%20Hero-6-meter%20replacement.jpeg" ],
  "mainEntityOfPage" : {
    "@id" : "https://www.condoassociation.com/blog/financial-help-for-insurance-mandated-replacements",
    "@type" : "WebPage"
  }
}
```