If you own an older Florida home, the exterior siding may contain asbestos. While having asbestos siding does not automatically mean a home cannot be insured, it can affect which insurance companies are willing to consider the property.
Insurance guidelines vary by carrier, and the condition of the siding can be an important factor.
How Can Asbestos Siding Affect Home Insurance?
Insurance companies have their own underwriting guidelines for older homes and construction materials. A carrier may want to know what type of siding is installed and whether it is in good condition.
Asbestos siding that is intact and well maintained may be viewed differently than siding that is cracked, broken, deteriorating, or undergoing repairs.
Depending on the carrier and condition of the home, asbestos siding may limit the insurance options available.
The Condition of the Siding Matters
Homeowners should pay attention to siding that is:
- Cracked or broken
- Loose or deteriorating
- Missing in areas
- Damaged during renovations
- In need of replacement or repair
An insurance company may request additional information or an inspection when evaluating the property.
Asbestos Siding and Safety
Asbestos-containing material that is in good condition and left undisturbed is generally less of a concern. The greater safety concern occurs when asbestos-containing siding is damaged or disturbed, which can release asbestos fibers into the air.
Homeowners should avoid cutting, sanding, drilling, breaking, or removing suspected asbestos siding themselves. If you are unsure whether siding contains asbestos, consider having it evaluated by a properly trained asbestos professional.
Planning to Replace or Repair the Siding?
If you are planning renovations involving suspected asbestos siding, it is important to understand the applicable safety and removal requirements before work begins.
Consider working with a qualified professional who understands proper asbestos handling and removal procedures.
Insurance Requirements Vary by Carrier
There is no single insurance guideline that applies to every home with asbestos siding. One carrier may consider a property that another carrier will not.
Working with an independent insurance agent who has access to multiple carriers can help you explore available options based on the home’s construction and condition.
Need Help With Florida Home Insurance?
At HomeInsuranceFlorida.com, we work with multiple insurance carriers and can help homeowners explore available home insurance options based on their property and individual circumstances.
Coverage, eligibility, underwriting requirements, and availability vary by insurance company and policy. Contact a licensed insurance agent to discuss your specific property.