While most modern homes use traditional electric and gas for their heating needs, many historical and old properties rely on oil tanks. However, with building code updates and new housing regulations, many municipalities are insisting on oil tank removal for older homes. Though, even areas where this isn’t a requirement, homeowners should consider removing the oil tank in favor of a more energy efficient and safe furnace option. Beyond the efficiency of newer units, there are several other considerations for the removal of old heating oil tanks.
Oil tanks present a higher risk of fire and accidents, which means that insurance companies are typically cautious of any property that still uses these tanks as a primary source of heating. The anxiety around such systems has led to many insurers refusing to cover homes with these tanks in operation. Also, the presence of heating tanks constitutes a risk to insurers, meaning that even homes with another heating source will find it challenging to find coverage as long as a tank is present.
When homeowners realize the potential trouble of insuring their property, they want to look for cost-effective oil tank removal options, and many settle on a DIY approach. However, this too creates risks. Not only does an oil tank present a personal risk to your safety, but there is also an environmental risk to consider with the improper removal and disposal of these systems. Also, there are likely strict regulations for the removal of oil tanks, meaning that improper removal could lead to more insurance woes along with new legal troubles.
When you decide to remove your homes oil tank, choose a licensed professional with experience. They will abide by the current regulations and provide proof of the removal for insurers. Also, they understand the tools and process for safe removal.
An oil tank removal is often required to adhere to insurance policies and new building codes. However, because of the potential dangers of the removal process, you should hire a licensed and experienced professional.