Wednesday, August 31, 2011

New Rules For Oil Tanks in Massachusetts

Effective September 30th a new set of rules kick-in for homes that have fuel oil tanks in Massachusetts. These rules should help prevent oil spills from faulty tanks or fuel lines. Homes will need to have either a leak detection device or the fuel lines will need to be jacketed. Either solution goes a long way to preventing oil leaks. The estimated cost of these changes will be $150-$350 price range. Fuel leaks, when detected, have cost homeowners up to $250K. Ugh!

Another component of this rule is that insurance companies must write policies that cover oil spills for homes that have installed the above mentioned spill prevention/detection components.

The Massachusetts Dept of Environmental Protection has more information on this new rule on its website.  Check it out!

No comments: