Will State Farm Insure A House With Asbestos Siding

1 data provided by s p global market intelligence and state farm archive.

Will state farm insure a house with asbestos siding.

It is important to understand however that not every possible cause of damage is covered. Here s what you need to know about buying or selling a home that has asbestos. Since asbestos siding was a common building. The presence of asbestos in a property can be a problem but not always.

Our agency is located in the u s. For the most part asbestos isn t covered by homeowner s insurance. But aaa and at least one other insurer i contacted absolutely won t touch asbestos siding. 1 some insurance companies will not insure a home with asbestos siding so it may increase the difficulty and cost of acquiring homeowner s insurance.

The siding is typically not dangerous unless it is damaged such as in a house fire or hurricane. Homeowners insurance provides coverage for damage to your house and other structures on the property where your house is located. Northeast where there are numerous homes that still have asbestos siding. Homeowners insurance on a house with asbestos siding.

My siding is in fantastic condition and it s at least 60 years old. But whether or not your insurance will cover the bill you should not remove asbestos yourself. 2 please refer to your actual policy for a complete list of covered property and covered losses. I am about to purchase a home and the inspection revealed it has asbestos siding.

I just bought an older house with asbestos siding and have run into some insurance issues. When the siding is damaged fibers can be released into the air which can lead to certain cancers such as mesothelioma. Most carriers are not willing to take the risk but we do have 1 market that will accept the risk of asbestos siding. Which is asinine because the shit is tough as nails as long as you re not taking hammer to it.

Saturday august 25 2018.