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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.

Some pros may recommend covering a popcorn ceiling that tests positive for asbestos with beadboard ceiling planks or drywall. The cost to install a beadboard ceiling averages more than $5,000, but you likely will pay more than the average for the installer to deal with the asbestos safely. Installing a beadboard ceiling or new drywall will disturb the asbestos and release some microscopic fibers, so the installer will need to take precautions. 

Yes, even a single, one-time exposure to asbestos can be harmful and increase the risk of future illness, including certain diseases and cancers. The level of risk depends on several factors, such as the concentration and intensity of the exposure. A small, brief exposure is less likely to cause significant damage than an exposure to a high concentration of asbestos fibers.

The likelihood of developing severe health issues increases with repeated or prolonged exposure. Individual reactions to asbestos vary; some people may have multiple exposures without harm, while others are more susceptible. Asbestos-related illnesses may not manifest for 10 to 40 years after inhalation.

Due to these risks, it is crucial to take precautions. Personal protective equipment (PPE) may not offer complete protection, as fibers can get through small gaps. The EPA recommends hiring a professional for testing and removal if you suspect the presence of asbestos in your home. If you are concerned about a potential exposure, consult your doctor.

Knob and tube wiring is an older type of electrical wiring that's no longer used and generally not considered safe. However, some homes still have it, or may have a knob and tube wiring system that was incorrectly modified or rigged to work with a modern electrical system. Knob and tube wiring may contain asbestos insulation, but the only way to know is to have the material professionally tested.