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brownsville: The Truth About Underground Oil Tanks - 11/11/08 07:18 AM

Over the last few months, I have heard that more and more insurance companies are unwilling to issue homeowner's insurance polices for properties that have an underground oil tank.Several insurance agents have mentioned to me that the day may come when it is impossible to get such coverage.The tanks, usually made of steel, are prone to rusting. Rusting leads to leakage which can lead to pollution of groundwater and wells. A huge concern for all of us.Due to the potential problems with the tanks, many home buyers are putting a contingency in their purchase and sales contract requiring the seller to … (5 comments)

 

Lauri Bessey

Brownsville, VT

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Dark Horse Realty & Property Services

Address: PO Box 11, Brownsville, VT, 05037

Office Phone: (802) 484-7388

Cell Phone: (802) 738-4118

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