Homeowners who use oil for heat may face expensive cleanup and damage costs if an oil tank leaks.
Most policies exclude pollution events like fuel or oil spills unless they are caused by a covered peril.
Typical policies may not cover damage from an oil tank leak unless the spill is linked to something like a fire or lightning strike.
Adding an Oil Remediation Rider to your homeowners policy can help pay for cleanup and repairs after an oil spill.
Contact your insurance provider to understand your current coverage and whether you need additional protection for oil spills.
Concerned about whether your homeowners insurance covers oil spills or fuel tank leaks? Don’t wait until a costly cleanup catches you off guard. Review your coverage and explore additional protection options today. Contact 01 Insurance at 718-545-9098 to speak with a knowledgeable agent and get the answers you need.