Will State Farm Insure A House With Asbestos Siding

I got a call from a client telling me her insurance company won t insure her house because it has asbestos cement siding.

Will state farm insure a house with asbestos siding.

Most home insurance policies have an exclusion for pollution which includes things like chemical spills and asbestos. 2 please refer to your actual policy for a complete list of covered property and covered losses. I just bought an older house with asbestos siding and have run into some insurance issues. Wrong this is an environmental clean up not a fire restoration.

Our agency is located in the u s. State farm and amica were other options among others. Even a single airborne fiber of the most dangerous types of asbestos can eventually cause a particular form of lung cancer if inhaled. The issue here is asbestos and the risks of serious lung diseases it can cause.

Which is asinine because the shit is tough as nails as long as you re not taking hammer to it. State farm bank f s b bloomington illinois bank is a member fdic and equal housing lender nmls id 139716. 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 is important to understand however that not every possible cause of damage is covered.

Homeowners insurance on a house with asbestos siding. Northeast where there are numerous homes that still have asbestos siding. Since asbestos siding was a common building. It s pretty serious but according to health canada one of the world s leading sources of unbiased information on the subject if.

And make no mistake asbestos is dangerous. I had a state farm regional vp type tell me the same thing about restricting policies depending. The asbestos exclusion clause in your insurance policy leaves you excuse the pun burnt out. But the epa notes that asbestos only poses safety issues when it s disturbed and harmful fibers are released into the air.

1 data provided by s p global market intelligence and state farm archive. My siding is in fantastic condition and it s at least 60 years old. It s in excellent condition but i have heard certain insurance companies may not insure a house with asbestos siding. Homeowners insurance provides coverage for damage to your house and other structures on the property where your house is located.

I am about to purchase a home and the inspection revealed it has asbestos siding. You have a fire in your house with john mansfield asbestos siding no problem you re insured right.