Insurance and Asbestos: What NZ Property Owners Should Be Aware Of
Asbestos is certainly a cause for concern, but not all homeowners are aware of this risk. Although asbestos is not visually apparent, if your home was built before the 2000s, it might be a good idea to have it inspected for asbestos.
Many homes in NZ were built with asbestos-containing materials before it was banned, and if you find that your home does contain asbestos, it’s best to remove it (professionally) as soon as possible. Otherwise, you might be vulnerable to asbestos damage and health issues. However, would these be covered by insurance?
Industrial Demolition answers this question in this blog! Keep reading to find out…
Does Insurance Cover Asbestos in NZ Properties?
Home insurance policies usually do not cover asbestos—in most cases, any loss or liability that is caused by asbestos, including asbestos products and asbestos-containing materials, is not covered. This can also include asbestos removal.
In the meantime, other types of insurance policies might be able to cover asbestos-related costs, including property damage, environmental damage, and bodily injuries. If you are a business owner, you might want to consider environmental and pollution liability coverage.
Always read the fine print carefully when it comes to insurance policies and what you are and are not entitled to.
What to Do if You Need Asbestos Removal…
If you own or plan to buy an older building, it is crucial that you save up some money for potential asbestos-related expenses. This includes asbestos inspection fees and asbestos removal costs. While it might seem like an investment that you don’t necessarily need, particularly if you feel that you aren’t directly affected by the asbestos within your property, asbestos is a harmful mineral that poses a threat to both your property and your health.
For asbestos removal contractors that you can rely on, Industrial Demolition has got you covered. If you believe that your house is contaminated with asbestos, you can count on our expert team to safely and efficiently remove asbestos from your property. Get the job done right and protect your family and home with our asbestos removal solutions. Get in touch with us today for more information.