u/Collab_N_Listen

TX based, house was built in late 80s. I have a "Challenger" brand Panel. I had a breaker burn out and the guy that came out to look at it said I needed to change out my Main Panel. Said they don't make those anymore, and that due to the age more and more are going burn out and could be a fire hazard. Overall my house is a decent quality build, so just trying to get some insight here. Is this a known thing with these Panels? Also, what should I expect to pay to have this done, properly. Pic of all the things they felt needed done. TIA