New Jersey Oil Tank Problems
Perhaps your noticing an increase in your oil consumption, and we're not experiencing a cold snap; odor or plantings dying off around the oil tank ground; stains on interior wall or floor near oil tank; problems with your oil burner or distinct oil smell; or a change in the odor or taste of your drinking water. These may be indications of a leak in your oil tank. As a homeowner you are responsible for cleanup and remediation and is not inexpensive.
If you presently have an oil tank and it's not leaking, removal is approximately $2,000. Fall into the leaking oil tank category and costs leap to $40, 000 to well over $100,000. Homeowners insurance will not cover these costs unless the leak has affected a public waterway or a third party. If you have a concern, call your insurance company and ask about special oil tank insurance.
Should a leak be discovered during the home inspection process step of a sale, cleanup will be certified by the State Department of Environmental Protection. Transfer of property will be stalled until the problem is rectified. The DEP is the regulatory agency enforcing conformation to state specifications.
Realizing the enormous costs involved, New Jersey has established funding for homeowners. Application is presently open to residents with incomes less than $200,000 and a net worth under $200,000 (not including their residence and pension). There is a bill pending that seeks to raise this limit. Once you apply it takes several months to receive financial assistance, however, most contractors usually cooperate with the extended payout.
To report a leak call the Environmental Action Hotline 877-927-6337
New Jersey Department of Environmental Protection
Site Remediation and Waste Management htttp://www.nj.gov/dep/srp
Perhaps your noticing an increase in your oil consumption, and we're not experiencing a cold snap; odor or plantings dying off around the oil tank ground; stains on interior wall or floor near oil tank; problems with your oil burner or distinct oil smell; or a change in the odor or taste of your drinking water. These may be indications of a leak in your oil tank. As a homeowner you are responsible for cleanup and remediation and is not inexpensive.
If you presently have an oil tank and it's not leaking, removal is approximately $2,000. Fall into the leaking oil tank category and costs leap to $40, 000 to well over $100,000. Homeowners insurance will not cover these costs unless the leak has affected a public waterway or a third party. If you have a concern, call your insurance company and ask about special oil tank insurance.
Should a leak be discovered during the home inspection process step of a sale, cleanup will be certified by the State Department of Environmental Protection. Transfer of property will be stalled until the problem is rectified. The DEP is the regulatory agency enforcing conformation to state specifications.
Realizing the enormous costs involved, New Jersey has established funding for homeowners. Application is presently open to residents with incomes less than $200,000 and a net worth under $200,000 (not including their residence and pension). There is a bill pending that seeks to raise this limit. Once you apply it takes several months to receive financial assistance, however, most contractors usually cooperate with the extended payout.
To report a leak call the Environmental Action Hotline 877-927-6337
New Jersey Department of Environmental Protection
Site Remediation and Waste Management htttp://www.nj.gov/dep/srp
posted by Helene Ashukian at
9:50 AM
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