Did you know 42% of homes in Atlantic Canada have an oil tank?
Leaks and spills from a home oil tank are dangerous and costly. After an oil tank spill, the average cost for cleanup is $250,000 to more than $500,000 and includes:
Replacing the tank and supply lines
Removing contaminated soil from around your home
Replacing your home’s foundation.
If oil spills or leaks on your property, you could be responsible for all costs unless you have the proper insurance. Here are some tips for oil tank safety:
Regularly inspect your tank for signs of corrosion, such as rust or shifting.
Make sure your tank, lines and connections – and the area around them – are kept clear of snow and ice. Your fuel oil company may provide shielding devices.
Keep your roof clear of snow and ice that could fall on your tank.
Have your furnace and tank professionally inspected and serviced at least once a year. Ensure they change the filter and remove sludge and water from the tank lines.
Check for the smell of oil after each fuel delivery, which is the most likely time for a spill to occur.
Keep the tank close to full during the summer to minimize condensation inside the tank, which can lead to rust damage.
The recommendation(s), advice and contents of this material are provided for informational purposes only and do not purport to address every possible legal obligation, hazard, code violation, loss potential or exception to good practice. Clare Mutual Insurance Company and its affiliates and subsidiaries (“Clare Mutual”) specifically disclaim any warranty or representation that acceptance of any recommendations or advice contained herein will make any premises, property or operation safe or in compliance with any law or regulation. Under no circumstances should this material or your acceptance of any recommendations or advice contained herein be construed as establishing the existence or availability of any insurance coverage with Clare Mutual. By providing this information to you, Clare Mutual does not assume (and specifically disclaims) any duty, undertaking or responsibility to you. The decision to accept or implement any recommendation(s) or advice contained in this material must be made by you.