A leaky oil tank could cost a young couple their dream home.
The home insurance policy excludes oil spill coverage but limited coverage is available by endorsement.
Insurance companies require proof of safety equipment designed to prevent or limit oil spills.
Proof should be in the form of oil burner permit or Certificate of Compliance.
Cost and coverage varies between companies, one company (Safety Insurance) offers $50,000 of personal property coverage and $100,000 personal liability for $139.00 annually.
Does your home insurance policy include leaky oil tank coverage? Please call us with any questions or to discuss.