Asbestos is usually not covered under homeowners insurance, even if you have HO-3/open perils coverage, because almost all home insurance policies have an exclusion for pollution. ... Covering asbestos removal would likely require insurance companies to substantially increase homeowners insurance rates.
The good news is that simply living in a home in which asbestos exists is not dangerous. However, if asbestos materials are disturbed during a remodel, for ex... more