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When UST ownership is transferred, will coverage transfer to the new owner and can the deductible be changed?

April 26, 2017changed coverage deductible owner ownership transfer transferred UST

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When UST ownership is transferred, will coverage transfer to the new owner and can the deductible be changed?

1 Answer

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Yes, coverage does transfer. Effective June 30, 2006, the new owner is required to pay a $500 transfer fee per facility; pay all outstanding prior year fees and penalties, if any; complete a statement of financial responsibility; and certify that the tanks are in compliance with BUSTR rules.