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Homeowners’ insurance doesn’t often cover the cost to remove asbestos siding, which averages about $2,900. Insurance policies treat the removal of asbestos siding as regular home maintenance, which insurance doesn’t cover. If your siding suffers damage in a storm, though, it’s possible the insurer may cover the replacement cost, even if the damaged siding contains asbestos.

Typically, homeowners insurance does not cover asbestos removal or abatement. Most policies exclude coverage for pollutants, contaminants, and hazardous materials, which includes asbestos. Because asbestos is often considered a pre-existing condition in older homes, its removal is usually viewed as a maintenance expense rather than an insurable loss. However, there is a key exception: if asbestos-containing materials are discovered or disturbed due to a covered event, such as a fire or storm, your policy may cover the abatement as part of the necessary repairs. For example, if a storm damages your roof and an insurance adjuster discovers asbestos while inspecting the damage, the policy might pay for the removal cost. If removal is not covered and is outside your budget, you might consider encapsulating the asbestos. The viability of this option depends on the condition of the contaminated materials. It is recommended to speak with an asbestos abatement specialist to understand your options.

The legality of covering asbestos tile with new flooring can vary by location. In some cities, it is not legal to cover asbestos tile due to the risk of causing fibers to become airborne. While a professional method called encapsulation can seal the asbestos in place, it is not always an appropriate solution. In other areas, covering the tile is a legal and reasonable option to prevent fibers from spreading and reduce health hazards. However, the best long-term solution is to have the asbestos professionally and completely removed from your home.

Federal and state grants for asbestos testing and removal do exist and can help homeowners with the associated costs. In some cases, local housing grants help homeowners who have to remove asbestos as part of home repairs. The U.S. Environmental Protection Agency (EPA) also provides funding to help schools manage asbestos removal, but it doesn’t extend to homeowners.