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Yes, it’s safe to strip a wire if you follow the proper safety precautions. First and foremost, you must always disconnect the power and never try stripping a live wire. Using wire strippers is another safety precaution, but don’t forget to keep your fingers away from the blade. It’s also critical you only remove the insulation and not accidentally cut into the conductor, which is unlikely as long as you’re using the right-sized wire stripper.

The average lifespan of a home electrical system is anywhere from 30 to 70 years or more, depending on the type of system you have. Modern electrical wiring, like aluminum or copper, can last 50 to 70 years while older types may need to be replaced sooner. Additionally, circuit breakers tend to last anywhere from 30 to 40 years, while electrical outlets need to be replaced every 10 to 25 years. 

The key difference between a circuit breaker versus a surge protector is that circuit breakers shield your entire electrical system from overcurrents and faults, while surge protectors defend your electronic devices against voltage surges and spikes. A circuit breaker interrupts the flow of electricity in a circuit when it detects an overload or short circuit, protecting the wiring from damage and preventing fires. In contrast, a surge protector shields electronic devices from voltage spikes, such as those caused by lightning strikes or power surges, preventing damage to the device’s inner mechanics.

Some portable cooktops are compatible with standard 120-volt outlets, but most induction (and electric) ranges and stoves need a dedicated 220- or 240-volt circuit and 40 to 50 amps to work. If you are replacing an old electric range with an induction one, you likely already have the proper outlet, but it’s worth checking with a local appliance installation company.