The short answer is yes, but it depends on the following factors.
If you are unsure if there is asbestos present in your home you should hire a certified contractor to test the material. If it comes back positive, here are a few questions to ask yourself.
Is the asbestos materials deteriorating?
Asbestos materials that are intact and untouched may not cause an immediate risk.
Is the asbestos likely to be disturbed?
Asbestos is dangerous when it is disturbed and turned airborne. This includes any potential renovations, or demolition projects.
Are you planning to paint your home?
Remember, sanding paint that contain asbestos will release fibers into the air and leave your family unsafe from asbestos exposure.
The U.S. EPA suggests that if you choose not to have asbestos removed, you should seal or cover it.
Here are a few options for sealing asbestos. (Not recommended without a certified contractor)
Wall Paper
Today's vinyl wallpapers are safe to use in your home. This may be an option for sealing asbestos.
Sealant (Paint)
If everything is intact your contractor may recommend a simple sealant that is cost effective and can save you from a full renovation.
Repair
If there is a minor hole in pipe insulation your contractor may advise a repair.
Enclosure
Isolating asbestos from potential damage. This is considered a temporary fix.
Maintenance
If you choose to leave asbestos in place it should be monitored. You want to keep an eye out for punctures, water damage, and any disruption of the material.
Whatever method you choose, we recommend that you hire a certified professional contractor.