Asbestos Abatement coverage on insurance policy.
We recently had a fire at our rental unit. The tenants are ok and had renter's insurance.
During the renovation quotes, asbestos was found and tested. Abatement is needed. We have Dryden Insurance with a VIP Plus Dwelling Package, Coverage/Form DFL-153P added to the policy. We are told this policy does not covered asbestos abatement.
Please note that we do have Ordinance or Law on this policy that will cover up to 2.5% of the Coverage a-Residence. But this does not cover the total cost of the abatement.
Here is what is shown in our policy? Would this cover the abatement. Thank you for any assistance.
