Oil Tank Insurance
Protect yourself against major expenses caused by a defective tank. Most home insurance policies do not include tank insurance. Do not get stuck with exorbitant clean-up costs!
Most home insurance policies do not offer oil tank protection. Homeowner’s insurance policies will not cover the costs associated with a leaking heating oil tank when the environmental damage only impacts your property. Separate tank insurance policies can provide coverage in these cases.
Don’t get stuck with exorbitant clean-up costs. The average cost for cleaning up environmental damage from a leaking heating oil tank is $8,000 and can be as high as $100,000 in some cases.
How do I buy tank insurance?
We can help you get a policy. ATS can provide any testing required to obtain a tank insurance policy. Unlike a lot of companies, we are approved to test for the nation’s largest tank protection program which provides policies for more than 100,000 oil heat customers with underground and above ground tanks. Contact us for details about how to get up to $100,000 in cleanup protection. Do you have a septic tank? If so, septic tank protection policies are available as well.
What is tank insurance? Will it protect me in the event my tank leaks in the future?
Heating oil dealers offer tank insurance policies that will pay the property owner up to $100,000 in clean-up costs if there is a release of oil from the tank. We recommend that all our clients purchase tank insurance. As with any policy of this type, there are certain exclusions. Therefore, we recommend you contact your underwriter for more specifics about the terms and conditions.
The home I am buying has an active in-use underground tank and the owner has a valid tank insurance policy. Is it still necessary to perform tank inspections and test the tank for leaks?
Absolutely yes! Many realtors and attorneys advise home buyers that testing underground oil tanks is not necessary if the seller has tank insurance. However, many home buyers do not realize that they will expose themselves to increased risk of environmental liability by not testing oil tanks before their purchase. Read the exclusions! Tank insurance will only honor claims if there is a release of fuel from the tank, which is almost never the case with piping or top tank leaks. Also, there are typically deductibles required to be paid if a claim is submitted and the insurance adjuster can deny claims by simply claiming the leak existed prior to the date of the insurance policy.
Tank Testing Services
Underground Oil Tank Inspections
Comprehensive inspections for underground storage tanks, heating oil tanks and aboveground storage tanks.Find out more
Aboveground Oil Tank Testing
ATS Environmental understands the risks involved with an aboveground tank. It is vital to get your above ground tank tested to avoid an expensive clean up if the tank fails.Find out more
The most comprehensive soil testing method in the industry.Find out more
An undetected underground tank can cause serious damage to a property. Don't be caught unaware, let ATS locate your hidden tanks!Find out more