IN-GROUND FUEL TANK INSURANCE

JIMBO_2

I'm having trouble with the insurance carrier for fuel oil tank insurance, Pro Guard, in NJ. Anyone out there have any experience dealing with this stuff. Seems the policy was written last November 15th, and they will not cover a claim IF I have the tanks (2 275 gal) removed before then. But, the furnaces are older than I am (pre 1950) and need to be replaced now. And I do not intend to use hot-air heat nor oil fuel. I intend to go gas-fired hot water. But, the present heating system is NG, and waiting till November 15th is a long haul. Any ideas???

Ken_8

I'm confused...

I'm somewhat atuned to NJ(:-o)

Tank insurance is a real ****. That's because it says a tank found to leak will be replaced for free. It does not say the dollar value of the tank replacement will be conveyed in MONEY!

Am I correct in suggesting you say the insurance will compensate you for a bad pair of 275's; and that you have to wait until the policy expires, to get the payoff - and you're switching to gas?

I'm missing something here. Help me out.

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JIMBO_2

Thanks, Ken
The problem is that I want to switch to gas, NOW. They will not honor the policy unless I wait until November 25, when I must renew the policy and apply for a voluntary removal. But, I cannot make the switch until AFTER the tank has been removed. 'Cause if I make the switch to gas first, they will immidiately cancel the insurance. And, like you said, if the tank is found to be bad, they will replace it, only, if I stay with my oil distributor for another year. What a sticky ball of dookies. Heck, all I want to do is remove the ancient furnaces and install a new HW gas boiler. For goodness sake, you'd think I wanted their first born or something.

mikey

i also live in NJ and plan on converting to gas.

i am confused about your problem.

Since you are switching to gas, why are you concerned if the company will replace your oil tank? Why do you still need an oil tank when you are converting to gas?

I am under the impression you either "remove" the oil tank or "fill the old tank with sand"?

In either case, you do not need a new oil tank.

Ken_8

Now I'm really confused.

You have twinned 275's in the basement? Or in the ground?

Or are they standing in the yard, next to the house on a concrete pad? Are they temporaries installed because the UST was condemned as a leaker?

Give me a call @ (732) 388-1794. I'm in Rahway, NJ

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clammy

275 ingroung

As far as i know 275 where not intended for in groung use sure it's not a 300 and if the tank is good we usally( no edivence of oil leaking or the tank taking in water ) remove them clean them out and dispose of them i know a few who cut clean and fill but some towns do not allow this any more and as for foam filling thats a bunch of bs seen 2 of them the only thing filled with foam was a fill and vent pipe and a fist full in the tank top eral bargain for your money and i didn't know the insurance co where paying anything towards removal only pay out for clean up i also would be confused clammy in jersey peace