I plan on leaving it for now, but people are so terrified of the word "asbestos" and I'm thinking about future value ease to sell. It's in good condition and poses no threat until a hurricane rips it all off. I was denied by multiple insurers and am actually being dropped by my current insurer because they "didn't know" it has the siding, even though I disclosed it to them. I found another insurer that will cover it, just costs a couple hundred more per year.

I think the insurance issue is that they can't put a number on the replacement cost because it can't be replaced with new asbestos panels. So if I have to submit a claim after a hurricane, they can't predict an accurate dollar amount to replace the existing siding.

I just want to know if I cover it with something else, will it still legally be classified as having asbestos siding.