Will State Farm Insure A House With Asbestos Siding

And make no mistake asbestos is dangerous.

Will state farm insure a house with asbestos siding.

But aaa and at least one other insurer i contacted absolutely won t touch asbestos siding. Northeast where there are numerous homes that still have asbestos siding. Homeowners insurance on a house with asbestos siding. But the epa notes that asbestos only poses safety issues when it s disturbed and harmful fibers are released into the air.

Homeowners insurance provides coverage for damage to your house and other structures on the property where your house is located. Wrong this is an environmental clean up not a fire restoration. I had a state farm regional vp type tell me the same thing about restricting policies depending. Our agency is located in the u s.

It s pretty serious but according to health canada one of the world s leading sources of unbiased information on the subject if. I got a call from a client telling me her insurance company won t insure her house because it has asbestos cement siding. The asbestos exclusion clause in your insurance policy leaves you excuse the pun burnt out. If you re renovating or remodeling an older home call the professionals for an inspection.

It is important to understand however that not every possible cause of damage is covered. The issue here is asbestos and the risks of serious lung diseases it can cause. Since asbestos siding was a common building. But i have not heard of refusals to insure because a home has asbestos siding or popcorn ceilings or vermiculite etc.

You have a fire in your house with john mansfield asbestos siding no problem you re insured right. Which is asinine because the shit is tough as nails as long as you re not taking hammer to it. My siding is in fantastic condition and it s at least 60 years old. Most home insurance policies have an exclusion for pollution which includes things like chemical spills and asbestos.

The other products offered by affiliate companies of state farm bank are not fdic insured not a state farm bank obligation or guaranteed by state farm bank and may be subject to investment risk including possible loss of principal invested. It s in excellent condition but i have heard certain insurance companies may not insure a house with asbestos siding. State farm and amica were other options among others. I just bought an older house with asbestos siding and have run into some insurance issues.

1 data provided by s p global market intelligence and state farm archive. I am about to purchase a home and the inspection revealed it has asbestos siding.