Will State Farm Insure A House With Asbestos Siding

It s pretty serious but according to health canada one of the world s leading sources of unbiased information on the subject if.

Will state farm insure a house with asbestos siding.

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. 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. And make no mistake asbestos is dangerous.

My siding is in fantastic condition and it s at least 60 years old. I had a state farm regional vp type tell me the same thing about restricting policies depending. I am about to purchase a home and the inspection revealed it has asbestos siding. Since asbestos siding was a common building.

Homeowners insurance on a house with asbestos siding. Even a single airborne fiber of the most dangerous types of asbestos can eventually cause a particular form of lung cancer if inhaled. Wrong this is an environmental clean up not a fire restoration. But i have not heard of refusals to insure because a home has asbestos siding or popcorn ceilings or vermiculite etc.

1 data provided by s p global market intelligence and state farm archive. It s in excellent condition but i have heard certain insurance companies may not insure a house with asbestos siding. 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.

Our agency is located in the u s. Northeast where there are numerous homes that still have asbestos siding. But the epa notes that asbestos only poses safety issues when it s disturbed and harmful fibers are released into the air. If you re renovating or remodeling an older home call the professionals for an inspection.

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. You have a fire in your house with john mansfield asbestos siding no problem you re insured right. It is important to understand however that not every possible cause of damage is covered.

2 please refer to your actual policy for a complete list of covered property and covered losses. State farm bank f s b bloomington illinois bank is a member fdic and equal housing lender nmls id 139716.