Oil Spill Clean-up Coverage: FAQs
- Feb 24, 2022
- 2 min read
Imagine this: after saving for years, you and your partner just purchased your forever home and are starting a family. One day you are in the basement tackling your laundry and look over and notice the concrete floor is covered in oil. To escape the fumes, you leave the home and call 911 to alert them that your oil tank is leaking.
The small hole you discovered at the bottom of the tank had just unleashed more than 25 gallons of heating oil. To your surprise, you are now responsible for close to $200,000 in damages. Along with cleaning up your house, you must also have a contractor dig 10 feet under your home to test the soil and have any contamination removed.
This is unfortunately the reality a young couple in Wareham is currently facing.
At Cushman Insurance, we are here to help you live more and worry less and are answering your most frequently asked questions around oil spill clean up coverage.
Does my standard homeowners insurance cover an oil spill?
Because not every home is heated by oil, home insurance policies typically exclude coverage for fuel contamination to personal property, groundwater, and a neighbor’s property.
How can I be protected in the event of an oil spill?
If you have a heating oil tank in your home, we recommend you consider purchasing an “Escaped Liquid Fuel Endorsement” also known as Oil Remediation coverage for your policy.
Are only old oil tanks at risk of leaking?
Whether you purchased your oil tank this year or have one that is 10+ years old, there is still a possibility of an oil spill.
How much is the Escaped Liquid Fuel Endorsement?
Compared to the clean-up and liability costs, this available rider is fairly inexpensive, ranging between $50-$100 on average depending on the coverage you purchase.
Have more questions? Our local experts are here to help you understand your current homeowners insurance and will provide recommendations to be sure you have the proper coverage for you and your family.
Well written! High-quality guardrails supplier in Malaysia improve safety while offering excellent long-term value.
Hey, your blog is great. I will bookmark it and I plan to visit regularly.
Chiller repair in Dubai
A successful conception can only be achieved when a woman is stress-free and relaxed. But due to modern day lifestyle, certain medical conditions (e.g. PCOS) and other factors, many women struggle with fertility issues. However, fertility yoga can be a game changer for these couples and increases the possibility of getting pregnant.
Investing in a preschool franchise like Makoons can be a smart decision. Their focus on child development, modern teaching practices, and franchise support helps ensure long-term success.
I was looking for an affordable yoga course without compromising on quality, and this best affordable 100 hour yoga teacher training in India exceeded my expectations. The instructors were experienced, the lessons were easy to follow, and the peaceful environment made the learning experience even more special. The accommodation was comfortable, the healthy meals were delicious, and I learned so much about yoga, meditation, and breathing techniques. It was an amazing experience that helped me grow both physically and mentally. I would definitely recommend this course to anyone searching for a budget-friendly and authentic yoga teacher training in India.