When an underground tank or pipe leaks, the clean-up costs can run $20,000.00 or more. And more and more homeowner’s insurance policies contain a “pollution exclusion cause” which means the homeowner gets stuck with the bill.
The best way to avoid significant expense is to replace your underground tank, preferably with a new above ground tank. Above ground oil tanks can usually be located in your basement, garage, storage shed, or outside.
Oil tanks have a limited life and eventually have to be replaced. Homeowners should shop around and check for the best price. Ask your oil company, they may be able to recommend someone. Make sure your contractor is licensed! Make sure they visit your home, only then can they provide you with an accurate estimate of the cost of the work to be performed. Get a written estimate and contract before work begins!
There are tank tests available that can be performed by certain testing companies to help determine if a leak is present in your existing oil tank. Please note, these tests cannot predict next year, next month or even tomorrow. A passing tank test today does not cover you for a leaking tank tomorrow. Information on testing methods can be obtained by calling the DEC at (518) 402-9549. |
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There is much information regarding underground storage tanks, the risks and your rights. In order to make an informed decision, it is important to know your rights!
You can find much more information by visiting the NYS DEC website, or we would be happy to help you with any questions you may have.
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