Asbestos Siding Insurance

It also doesn t burn which is great for insurance companies.

Asbestos siding insurance.

Some insurance providers cancelling policies due to asbestos. Mesothelioma and other cancers as well as asbestosis and other lung diseases are a serious danger after continued long term exposure to fibers from asbestos containing materials acms. Inability to match siding following a loss. If you are absolutely unwilling to have asbestos siding you are legally allowed to remove it yourself from your own home in the state of minnesota.

The only possible exception is if the asbestos is exposed as a result of a covered peril like wind damage. Unfortunately some insurance companies will not insure a home with asbestos siding so it may increase the difficulty and cost of acquiring homeowner s insurance. Also we recommend that if you do have to remove or disturb the siding for any reason never do the work yourself. If it is asbestos you should have a talk with your real estate agent and possibly lawyer.

Intact asbestos siding on your home poses no health risk as long as it is undisturbed. But whether or not your insurance will cover the bill you should not remove asbestos yourself. If you can prove that your siding is something beside asbestos be sure all documentation makes it to your insurance and that is documented on your policy. Even though exposure to asbestos can be a major health risk most homeowners insurance policies don t cover removal of asbestos.

Since asbestos siding was a common building material form the 1930 s until the 1970 s we have many homes that were constructed or the exterior was upgraded during that era. Installing vinyl siding will require disturbing the asbestos by nailing into it. Homeowners insurance policies have an exclusion for pollution which generally prevents you from being reimbursed for cleaning up pollutants including asbestos in your home. View entire discussion 13 comments more posts from the homeimprovement community.

Asbestos siding is also non friable which means it s not releasing dust into the air. Both the epa and the vinyl siding institute recommend not disturbing asbestos if at all possible. For the most part asbestos isn t covered by homeowner s insurance. The problems insurance companies have with homes sporting asbestos siding include three issues.