WHAT ARE THE ISSUES WITH OIL TANKS?
The issues with oil tanks are both environmental and insurance/delivery related. For non underground oil tanks above 15 – 20 years of age, insurance companies are encouraging their replacements either by requesting very high insurance premiums or refusing to insure the home as long as the old tank is present. The reason is that the insurance companies have concerns about the older tanks leaking and the costs associated with an environmental cleanup.
Related Questions
- I plan to install a Balmoral fuel oil tank on my property in mainland Europe. Do Balmoral tanks meet international standards and are your connections compatible with standard European fittings?
- What are the Clearance Distances Required for Indoor Oil Storage Tanks?
- Which legislation governs oil tanks sites in Canada?
