Oil Underground Storage Tank Removal

[KitKat70]

Has anyone here ever had this done or know someone that has? Can you give me a ball park figure on how much it cost you/them and why? There is no leak (at least none known).

Also, has anyone had trouble getting homeowners insurance because of having an underground oil tank, or know of an insurance company that will insure even though one is present on the property (providing it's in good operating condition).

Thanks!

 

[czygvtwkr]

Has anyone here ever had this done or know someone that has? Can you give me a ball park figure on how much it cost you/them and why? There is no leak (at least none known).

Also, has anyone had trouble getting homeowners insurance because of having an underground oil tank, or know of an insurance company that will insure even though one is present on the property (providing it's in good operating condition).

Thanks!

As far as insurance goes no problem, I had Allstate and recently switched to State Farm due to lower rates.

 

[KitKat70]

Thanks

We had progressive because we get a discount for having multiple policies and I had recieved good service from them in the past. But, I received a pink slip in the mail last week saying they were going to cancel our policy and refuse renewal due to us having the underground tank. I started doing online quotes and was refused by a couple others because of it too...

I just recieved a quote from State Farm though via e-mail (and it is cheaper, lol)... My concern though is that this is going to become a re-occuring problem as people move towards becoming more 'green' and was wondering if it would be worth it to just suck up the cost and upgrade now.

:shrug:

 

[GWguy]

We had progressive because we get a discount for having multiple policies and I had recieved good service from them in the past. But, I received a pink slip in the mail last week saying they were going to cancel our policy and refuse renewal due to us having the underground tank. I started doing online quotes and was refused by a couple others because of it too...

I just recieved a quote from State Farm though via e-mail (and it is cheaper, lol)... My concern though is that this is going to become a re-occuring problem as people move towards becoming more 'green' and was wondering if it would be worth it to just suck up the cost and upgrade now.

:shrug:

That's the first I've heard of such a policy. I have, and pretty near all my neighbors have, an underground tank.

 

[KitKat70]

Me too...

I'm wondering though if it is because we just purchased this home last summer... I've tried doing some research online but have produced much info.

Could it be possible that some random law changed that 'grandfathers' in people that purchased their home's as little as 5 years ago, but leaves people like me (the first-time homebuyer with little help) with their heads spinning wondering why I didn't know about this before settlement?

 

[Aa3rt]

Has anyone here ever had this done or know someone that has? Can you give me a ball park figure on how much it cost you/them and why? There is no leak (at least none known).

KitKat70-I can't help you with the insurance questions, however let me suggest that you check with your home heating oil provider.

Regulations vary from county to county here in good ol' SOMD. Some counties will allow homeowners to have the tank pumped out and then filled with pea gravel. This will negate the need to have your yard excavated and the cost of tank disposal.

If you still want the tank removed you'll need to know the size of the tank (larger tank=more digging), is the area where the tank is located easily accessable and are you near any any streams or wells?

If you do decide to replace the underground tank with either a basement or above ground type, you should be able to have what oil remains transferred to the new tank unless there is water or a sludge build up in your present tank.

Additionally-how old is your tank and have your neighbors experienced problems with tank leaks? If you are in a subdivision where underground oil tanks were installed during the same construction period, tanks installed in adjacent homes historically start failing around the same time (within a couple of years) due to soil conditions.

Best bet-check with your oil provider before doing anything, some will offer discounts or loyalty credits if they do the work for you and should be knowledgeable of the laws and regulations in the areas they serve.

 

[citizen_fear]

Has anyone here ever had this done or know someone that has? Can you give me a ball park figure on how much it cost you/them and why? There is no leak (at least none known).

Also, has anyone had trouble getting homeowners insurance because of having an underground oil tank, or know of an insurance company that will insure even though one is present on the property (providing it's in good operating condition).

Thanks!

I have never seen or heard of one being removed... They have always been pumped out and the filled with sand, sealed and left where they sit.

 

[glhs837]

Any updates on this kit? I know someone looking at a house with an underground oil tank, and they were told by the realtor that it would have to be filled and replaced. House was built in '79, I assume the tank is from then.

 

[oldman]

Although this was in Southern N.J. my brother had an underground tank. The state was coming down on them and "if" they got to leaking it would require big bucks because of contaminated ground. He opted to to get it dug out, just in time as it's walls were about rusted out, and get an above ground one put in. Will cost some money but not nearly as much as if they start leaking and you have to replace all the dirt in your yard.

 

[glhs837]

I know a new tank is in the area of $500-600, I imagine the cleanup and sand/peagravel fill wouldnt cost more than say $100/200.