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We will be recommending that any wall or ceiling containing receptacles, switches, fans etc that have sustained water damage be replaced by a licensed electrician.
Ellen,

How do the Insurance Companies stand on this issue? What are the guidelines they follow for estimating damage? (what they will pay for)

I think these issues have to be evaluated too before a recommendation is made. The NEMA reference I linked to only talks about replacement of cables (NM-B specifically mentioned) that have been submerged in water.

Bill


Bill