As a homeowner, you face many potential problems. Fire, wind damage, floods and even earthquakes, tornadoes and hurricanes affect property in some parts of the United States. But one area many homeowners don’t consider is the problem of an oil tank leak. Depending on whether your oil tank is located inside or outside, the size of the leak and how long it’s been taking place, there is the potential not only for dramatic pollution problems, but some serious costs as well.
Topics: oil tanks
When it comes to heating your home or business, few factors are more important in the long run than which type of tank you choose to use. There are tanks that rest above the ground or those that are buried below it, as well as tanks left outdoors and those kept indoors.
Questions about when to replace oil tank units are common among homeowners. Some of the most frequently asked questions are along the following lines:
Being a homeowner means you always have to have one foot in the future. You're anticipating potential problems, needs, repairs and maintenance. With so much to think about, it can be easy to forget the less obvious systems in your home that need tending to. One of these systems is your oil heating system.
The cost of cleaning up a leak from an underground oil tank ranges from thousands to hundreds of thousands of dollars depending on how much contamination has occurred — and the worst part is, there’s a good chance your homeowner’s insurance won’t cover any of the costs.