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Household insurance - asbestos liability cover.

  • 22-02-2016 12:01pm
    #1
    NUTLEY BOY
    Registered Users, Registered Users 2 Posts: 2,345 ✭✭✭


    We have a garage from the 1970s which has asbestos panels in it's structure. The garage is in a sound state of repair.

    About 2 years ago our household insurers applied a blanket ban on any liability insurance cover relating to asbestos claims. This did not relate to us alone but seems to have been a policy decision by the insurer across the particular class of business.

    The garage is covered for the other insured perils such as storm, tempest and so on. It was declared to the insurers.

    What options do we have to get liability cover for the garage ?

    Option 1 - change insurers. We don't want to do that as the present product is good and economically priced. It would be perfect for our requirements but for the asbestos liability exclusion.

    Option 2 - can we get separate liability insurance on the garage ? Who would offer that ?

    BTW we considered having the garage removed but this is not really a practical idea for several reasons.


Comments

  • #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,856 Mod ✭✭✭✭Henry Ford III


    I doubt you'd get asbestos cover anywhere. Shop around of course to confirm.

    Best practical advice might be to demolish and rebuild it, but that'll be expensive as asbestos is nasty stuff, and is a hazard requiring specialist skills and equipement to remove.

    Either way it's not good news unfortunately.

    p.s. http://www.epa.ie/waste/hazardous/asbestos/#.Vsr8q9BjGMY


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