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No, but it’s common that they do. Gravity furnaces weren’t terribly efficient so wrapping either the ductwork in asbestos, the furnace itself, or both, was something done regularly. This allowed the system to retain more heat. At the time, this greatly enhanced the efficiency of the furnaces but it wasn’t until later that we became aware of just how carcinogenic and dangerous asbestos could be.

Vermiculite insulation can be hazardous if it contains asbestos. Asbestos fibers, when released into the air and inhaled, can pose significant health risks. The EPA recommends leaving vermiculite insulation undisturbed to avoid potential exposure. It is crucial to have vermiculite insulation tested by a certified professional to determine if it contains asbestos. If asbestos is present, proper precautions should be taken, including containment or removal by licensed abatement professionals.

The Environmental Protection Agency (EPA) banned the use of asbestos pipe insulation in certain applications in 1975. It released further bans in 1989 and 2019. While asbestos pipe insulation was common from the 1930s to 1970s, its use fell off after the 1970s due to public concern and the EPA's actions.

It's okay to live in a house with asbestos siding as long as it's intact. Asbestos siding in good condition poses minimal risk since the fibers remain bound. If the siding is damaged, or deteriorating, or if renovations are planned that may disturb it, the risk of exposure increases significantly. Consult a professional asbestos inspector to assess the situation and provide recommendations.