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Asbestos siding can be dangerous, but it doesn't necessarily pose a health risk if it's in good condition and left undisturbed. The danger comes from inhaling asbestos fibers, which can be released if the siding is damaged, deteriorating, crumbling, or disturbed during remodeling or repairs. Exposure to these airborne fibers can cause serious, life-threatening diseases like asbestosis (lung scarring), mesothelioma (an aggressive cancer), and other lung cancers.

If your asbestos siding is intact, the general recommendation is to leave it alone. However, if it's damaged or you plan to renovate, it's crucial to handle it safely. Due to the significant health risks and the difficulty of containing the fibers, it is not recommended to perform any asbestos work yourself. Instead, you should hire a professional asbestos removal company to inspect, repair, encapsulate, or remove the material. The presence of asbestos can also negatively impact your property's value.

According to the Environmental Protection Agency (EPA), you should contact the following officials to report a case of asbestos exposure:

• Asbestos subject matter experts in your state 

• EPA regional office

• Toxic Substances Control Act (TSCA) Assistance Information Service Hotline via mail, email, or phone

• EPA’s Asbestos Ombudsman via phone or fax 

If you have an older electrical system with fraying wires and other signs of damage, removal  may be the best course of action. When asbestos begins to break down, it's more likely to become airborne, increasing the risk of health issues when it's inhaled.

However, if the system is in good condition and doesn't have visible signs of wear or damage, leaving it alone may be the safest course of action. An asbestos abatement and removal professional can help you determine the best way to proceed.

Federal law doesn’t require homeowners to disclose the presence of asbestos in their home, but some states and local municipalities may require it. That is why it’s important to test an older home for asbestos and other health hazards before moving forward with a sale.