Oil Tank Insurance
Protect yourself against major expenses caused by a defective oil tank. Most home insurance policies do not include oil tank insurance. Do not get stuck with exorbitant clean-up costs!
Residential Oil Tank Insurance in New Jersey
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 oil 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 well exceed $100,000 in some cases. ATS offers homeowners peace of mind and financial protection with comprehensive oil tank insurance coverage throughout New Jersey.
How Do I Buy Tank Insurance?
If you have an underground oil tank, you will need to submit NJ state certified lab results from the surrounding soil to obtain an underground oil tank policy. If you have not performed testing within the past 12 months, ATS can provide soil testing services to ensure no environmental issues are present and you can obtain your tank insurance policy. ATS offers non-invasive soil testing and has a team of field experts taking samples daily throughout New Jersey.
Once you have obtained your soil testing results, you can apply and pay for oil tank insurance online. We offer oil tank insurance policies throughout New Jersey, covering financial liabilities excluded from your homeowner’s insurance and providing expert services every step of the way.
ATS oil tank insurance policies provide coverage of up to $100,000.00 in the event of an aboveground oil tank leak and up to $200,000.00 in the event of an underground oil tank leak. Plans start at just $80.00 per year. We process claims and offer customer service 24/7/365 and with our full range of oil tank services and expertise, we are the go-to oil tank insurance provider in New Jersey.
NEED HELP GETTING OIL TANK INSURANCE?
What is the process for obtaining oil tank insurance?
ATS can provide the service and support you need to get oil tank insurance coverage from start to finish. We 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 oil tanks. Contact us for details about how to get up to $200,000 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 oil tank leaks in the future?
Heating oil dealers offer tank insurance policies that will pay the property owner up to $200,000 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 oil tank insurance policy. Is it still necessary to perform tank inspections and test the oil 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