If asbestos material has been damaged and has not properly been enclosed or encapsulated, health hazards arise. Asbestos can also have great financial consequences, however. The value of a property may decrease. If asbestos is released due to fire or storm damage, the owner is liable for the clean-up costs, which may cause higher insurance premiums.
Companies and institutions are always obliged to safeguard occupants or users of a building against exposure to asbestos fibres. In the case of demolition, asbestos must always be removed by a certified asbestos company. The way in which you deal with asbestos is therefore also largely dependent on financial considerations.