Effective September 30, 2011, a law was enacted that
required homeowners to bring their heating oil systems into compliance with
leak prevention requirements. As a part
of this law, insurance companies providing Homeowners Insurance in the state of
Massachusetts
must offer coverage for leaks from heating systems that use oil.
All companies handle this differently. Some include it automatically in the
homeowners premium. Others charge
between $50 and $90 for various levels of insurance.
To add the coverage, the customer must provide a copy of the
permit provided by the fire department or by a licensed oil burner technician
that certifies that the oil heating system complies with the regulations. The insurance company may also require that
you sign a supplemental application.
Finally, the oil leak coverage can only be added at policy renewal. Call us at 508-347-9343 if you would like more information about this important issue.
No comments:
Post a Comment