Will State Farm Insure A House With Asbestos Siding

I am about to purchase a home and the inspection revealed it has asbestos siding.

Will state farm insure a house with asbestos siding.

2 please refer to your actual policy for a complete list of covered property and covered losses. My siding is in fantastic condition and it s at least 60 years old. Northeast where there are numerous homes that still have asbestos siding. Homeowners insurance on a house with asbestos siding.

State farm and amica were other options among others. But the epa notes that asbestos only poses safety issues when it s disturbed and harmful fibers are released into the air. Which is asinine because the shit is tough as nails as long as you re not taking hammer to it. I had a state farm regional vp type tell me the same thing about restricting policies depending.

You have a fire in your house with john mansfield asbestos siding no problem you re insured right. Since asbestos siding was a common building. 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.

State farm bank f s b bloomington illinois bank is a member fdic and equal housing lender nmls id 139716. The issue here is asbestos and the risks of serious lung diseases it can cause. And make no mistake asbestos is dangerous. Most home insurance policies have an exclusion for pollution which includes things like chemical spills and asbestos.

1 data provided by s p global market intelligence and state farm archive. Even a single airborne fiber of the most dangerous types of asbestos can eventually cause a particular form of lung cancer if inhaled. But i have not heard of refusals to insure because a home has asbestos siding or popcorn ceilings or vermiculite etc. I just bought an older house with asbestos siding and have run into some insurance issues.

The asbestos exclusion clause in your insurance policy leaves you excuse the pun burnt out. Homeowners insurance provides coverage for damage to your house and other structures on the property where your house is located. Our agency is located in the u s. I got a call from a client telling me her insurance company won t insure her house because it has asbestos cement siding.

Wrong this is an environmental clean up not a fire restoration. If you re renovating or remodeling an older home call the professionals for an inspection.