Hi. Just bought a house built in 1955. Some of the electrical has been updated, but the house still has a lot of cloth wiring of various textures and colors. Some of it is fraying and it looks like it could have asbestos inside (see photo). I am considering having the house re-wired but if this stuff has asbestos in it then I don't want it haphazardly removed spreading fibers everywhere. Should it be professionally remediated? Can this stuff be encapsulated with electrical tape? Are there any other known methods of encapsulation?