We have old (about 55 years) fiberglass insulation in our basement ceiling. Some of the fiberglass is exposed. Some of it is hanging lose. At the time, the insulation was installed there was no heat in the basement and it would get very cold in the winter time in the basement. Today, the basement is partially heated and the temperature rarely gets below 50. I am also thinking given the age of the insulation and the state it is in it is not providing much insulation.
I am concerned about health hazards of the exposed fiberglass so our plan is to take down part or all of the insulation. I had two contractors in and one advised only to take down the bad part. The other advised to take it all down. I am not sure what I should do. Please comment.