Though it may be unpleasant to think about, budgeting for unexpected electrical emergencies can help you prepare. By following a few simple steps, you can remain one step ahead. 

1. Estimate Your Potential Repair Costs

The first step to budgeting effectively is setting a doable target. Electrical repair costs vary widely depending on the service you need. Most emergency service calls charge a flat fee and an hourly rate. Some repairs take longer and call for more expensive parts, so it's best to consider the worst-case scenario and set that as your target amount to save. 

Some examples of electrical emergencies to prepare for include:

  • Faulty switchboards
  • Water leaks near electrical systems or appliances
  • Sparking, smoking, or exposed wires
  • Complete loss of electricity

2. Make Sure You Know What's Covered

As you consider how much to save, it helps to know what expenses are already accounted for. Check what's covered by your warranties, insurance, and any existing service plans or club memberships you've paid for ahead of time. You'll have a clear picture of exclusions and deductibles and will know who to call.

Part of planning for an electrical emergency is knowing where your important documents are. Keep any insurance policy numbers, inspection reports, and your electrician's contact details in one place so you can quickly find the information you need when the unexpected occurs. 

3. Lower Your Risks With Preventive Maintenance

Ask your electrician about maintenance memberships. Regular maintenance can help prevent costly repairs and lower the risk of emergencies by catching minor concerns before they escalate, potentially saving you money in the long term. Most companies have club memberships that provide annual safety checks, which can potentially flag issues that can cause fires, permanent damage, or unsafe living conditions. 

Professional technicians will examine your whole electrical system, spotting issues early on and recommending repairs before a small problem becomes a financial headache. 

Know Who to Call When You Need Help

Unexpected electrical emergencies don't have to be daunting when you know how to prepare for them. At Mister Sparky, we've been supporting homeowners with comprehensive solutions for years. 

If you need a professional inspection or want to know more about our emergency repair services, contact us by requesting an appointment today. Financing options available at participating Mister Sparky locations.