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New Rules For Homes Heated By Oil
Starting July, 2010 there will be a new law in place regarding the compliance rules for any Massachusetts homes heated with oil. The Homeowner Oil Heating System Upgrade and Insurance Law is not only changing the regulations for home heating systems, but also includes new legislation for insurance companies that offer homeowner policies.
Although the law may require some people to upgrade their systems, costing anywhere from $150 to $350, the motivation for the law is to end the possibility of oil leaks which have plagued dozens of Massachusetts homes each year.
The cost of an oil leak cleanup can be anywhere from a couple thousand to $200,000 depending on the severity of the case. Even “simple” leaks have been found to cost as much as $15,000. When oil leaks seep into a water source or reach other properties the situation can become much more complicated.
The new law requires the installation of an oil safety valve or the installation of an oil supply line with a protective sleeve. Installing one of these items on average can cost anywhere from $150 to $350 including labor and parts. Any home built on or after January 1, 1990 will likely already ... more
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