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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.

Since DIY asbestos removal isn’t the best option to save money, there are other steps that you can take to help cut costs when dealing with this project. After speaking with your asbestos removal expert, discuss if encapsulation is an option. If it is, you can save between 15% to 25% on overall project costs over demolition and disposal. In addition, when speaking with your professional, discuss if there are any tax credits available for your removal project. Finally, check with your homeowner’s insurance to see if any removal costs might be covered. However, be aware that this is usually only applicable if the asbestos is due to a covered incident, like a tree falling into your roof.  

No, an N95 mask will not protect against asbestos and many other hazardous materials, such as carbon monoxide, gas, chemical vapors, and other gases. You will need a respirator specifically designed to protect against asbestos. However, if you suspect asbestos is present in your home, hire an asbestos abatement professional immediately and avoid the area until they arrive for the inspection.