First if your oil tank sprouts a leak the cost of cleaning the contaminated soil and water can stretch into thousands of dollars.
Buried fuel oil tank.
Such components are not inspected during a home or building inspection unless specific prior test arrangements have been made for advice by an appropriate expert.
When tanks are abandoned if the tank is buried it needs to be removed or filled in place if a fuel oil tank is left buried it could eventually leak.
An abandoned tank means while you may not be using oil as your heat source you may still have a buried tank and pipes full of oil on your property if you do you re susceptible to the risks that come with having oil heat.
A buried fuel tank heating oil storage tank lp gas storage tank unknown type of fuel storage tank is was or appears to have been installed at this property.
Your underground oil tank puts you at risk.
Risks of buried oil tanks.
All residential usts of 110 gallons or.
Insurance may only cover a portion of these costs further increasing your risk.
Buried oil tanks generally epa regulations exempt residential buried oil tanks from oversight when they re buried on the premises where they re being used.
The risks of an underground oil tank range from environmental and legal to financial and health related.