https://www.circuitbreakerwholesale.com/blogs/electrical/hidden-electrical-dangers-that-can-exist-in-a-home The U.S. Fire Administration estimates that an average of 25,900 electrical fires cause over $1.1 billion in damages each year. These fires also cause an average of 280 deaths and over more than 1,000 injuries each year. Most of those electrical fires are caused by entirely preventable conditions – obsolete components and old wiring.