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Should Homeowners Remove Their Oil Tank?
Admin • May 30, 2019
Many people have old, unused oil tanks that came with their homes. Some people may be aware of these tanks, while others might have no idea that one exists. Many times, tanks are actually underground and impossible to see if one doesn't know they're there. And, while some oil tanks will never cause a problem for the homeowner, others will.
A properly-maintained oil tank can be an asset to a home, but a forgotten, neglected one will have the opposite effect. Therefore, if you have or may have a neglected oil tank on your property, learn the common warning signs that you have an oil tank that’s experiencing issues.
Failing Inspection
If you're fortunate enough to know for sure that your home has an oil tank, have it inspected regularly. This is especially important when you first buy a home or, ideally, before. If that's not possible, have the oil tank professionally inspected as soon as you're aware of it, whether or not you plan on actually using the oil tank.
An inspection can reveal if the tank is in working order, if there's any oil left inside of it, and whether or not the tank poses any kind of danger or risk to your home. If the oil tank fails inspection for any reason or you're professionally advised to have it removed, go ahead and do it. It's better not to take chances with the safety of your home.
Water Collecting in the Tank
In addition to professional inspections, homeowners who are aware of their oil tanks and who can access them are advised to regularly check for water accumulating inside of their oil tanks. Homeowners who actually wish to use their oil tanks and experience the cost-saving benefits of doing so especially need to be aware.
If you're in this category, be aware of the dangers of water in the oil tank. When water builds up inside, the tank can rust, which causes leaks and damage. Plus, water can easily make its way into the oil line, which causes other problems.
Even if you're not using the tank, you'll want to clear it of any water accumulation, especially if oil is still inside the tank. Leaks caused by corrosion, even those affecting unused tanks, can pose a safety risk and lead to soil contamination and other concerning issues.
Inability to Afford Insurance
If you know you live with an unused oil tank under your property, purchase specialized insurance that covers you if something goes wrong with the tank or if the tank causes damage to your home, soil, or to surrounding homes or soil. This coverage, known as oil remediation coverage, is vital if you have an oil tank.
With that said, however, oil remediation coverage is usually a separate coverage that has to be paid for in addition to your regular homeowner's policy. The policy may have an additional cost, but the benefits of the policy are worth examining.
If you can't afford this ongoing fee, despite the money you'll save by using your oil tank or because you don't plan to use it, it's best to just deal with the one-time cost of oil tank removal.
Living with a neglected oil tank is fraught with potential problems. By knowing the warning signs, however, you can stop these issues before it's too late. And, for best results you can always go ahead with oil tank removal or learn about ways to use your oil tank safely, correctly, and in a way that benefits you. For help and advice on tank removal, contact the experts at A & A Oil Recovery Co.
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