Will State Farm Insure A House With Asbestos Siding

My siding is in fantastic condition and it s at least 60 years old.

Will state farm insure a house with asbestos siding. It s in excellent condition but i have heard certain insurance companies may not insure a house with asbestos siding. I had a state farm regional vp type tell me the same thing about restricting policies depending. 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. Since asbestos siding was a common building.

State farm and amica were other options among others. And make no mistake asbestos is dangerous. I got a call from a client telling me her insurance company won t insure her house because it has asbestos cement siding. You have a fire in your house with john mansfield asbestos siding no problem you re insured right.

But aaa and at least one other insurer i contacted absolutely won t touch asbestos siding. Most home insurance policies have an exclusion for pollution which includes things like chemical spills and asbestos. The issue here is asbestos and the risks of serious lung diseases it can cause. But the epa notes that asbestos only poses safety issues when it s disturbed and harmful fibers are released into the air.

Homeowners insurance on a house with asbestos siding. 1 data provided by s p global market intelligence and state farm archive. State farm bank f s b bloomington illinois bank is a member fdic and equal housing lender nmls id 139716. 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. 2 please refer to your actual policy for a complete list of covered property and covered losses. But i have not heard of refusals to insure because a home has asbestos siding or popcorn ceilings or vermiculite etc. Even a single airborne fiber of the most dangerous types of asbestos can eventually cause a particular form of lung cancer if inhaled.

The asbestos exclusion clause in your insurance policy leaves you excuse the pun burnt out. Which is asinine because the shit is tough as nails as long as you re not taking hammer to it. It s pretty serious but according to health canada one of the world s leading sources of unbiased information on the subject if. If you re renovating or remodeling an older home call the professionals for an inspection.

Northeast where there are numerous homes that still have asbestos siding. Our agency is located in the u s.