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It can be safe to live in a house with asbestos as long as the asbestos-containing materials are in good condition and not disturbed. Asbestos is only dangerous when it becomes airborne, which happens if the material is damaged, crumbling, or disturbed during renovation work. If you suspect asbestos is present, it's important not to disturb it and to have it professionally inspected.

Walking on an asbestos roof can pose a risk. Asbestos roofing materials can become brittle over time, increasing the chances of them breaking or releasing fibers when stepped on. Additionally, walking on an asbestos roof without proper precautions can cause further damage to the material. If possible, avoid touching an asbestos roof in any way and consult with a professional about removing and replacing the roof. 

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.

You can cover asbestos siding with another type of siding, such as vinyl, however, this may not be the best option. Covering the asbestos siding may disturb it, releasing fibers into the air. The covered siding can also be disturbed at a later date, such as by a new homeowner who is unaware of its presence.

If you decide to cover the siding, be sure to work with a professional and follow any local building codes and requirements. It may be the case that removing the asbestos siding is the better option, rather than covering it over.