- Homeowners must make sure that their oil tank - above or underground - conforms to the new code requirement. There is no grandfathering.
- If the homeowner's oil system does conform, the insurance company must make coverage for loss due to an oil spill available to him or her.
The law states that: An owner of residential property utilizing a heating oil tank for consumptive use on the premises with 1 or more fuel supply lines or return lines in direct contact with conrete, earth or other floor surfaces shall:
- enclose any fuel supply line with a continuous non-metallic sleeve,
- cause an oil safety valve to be installed at the tank end of any fuel supply line in accordance with the manufacturer's instructions or
- employ any other approved release prevention method.
There are exemptions and other details about this law that you should know. Contact your insurance agent for more information.
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