All this "if the wiring were recent we wouldn't insure but because there's an old certificate which hasn't 'expired' we just have to accept it" doesn't sound like any insurance company I've ever heard of.
And as for beating down the price, by all means give it a go, but chances are the answer will be "the price is for the property in the condition it is".
And as for beating down the price, by all means give it a go, but chances are the answer will be "the price is for the property in the condition it is".