4 Things Homeowners Should Know about NJ Oil Tanks

Whether or not an oil tank is on your property may not be something you think of regularly but it should be. There are many ways that oil tanks can affect your property. The oil tank on your property may be fine when you buy your home but leaving it on your property could lead to trouble in the future. Understanding the dangers and risks of NJ oil tanks is something property owners need to do. The more you know, the better you can protect your home and family.

We’re here to help. Oil Tank Solutions specializes in oil tank removal in New Jersey. With over 30 years of experience, we know oil tanks inside and out and we want to help you. Our job is to keep you safe. So here are five things homeowners should know about NJ oil tanks.

Age Matters

If your oil tank is more than 10 years old, it’s time to consider removing it. Older oil tanks will obviously be more worn down then newer ones but they were also built differently than oil tanks made today. Today, oil tanks are made with an extra layer to prevent spills and leaks. Older oil tanks don’t have this making it more likely that they will fail and cause an oil spill on your property.

Inspections are Necessary

If you’re going to keep the oil tank on your property, whether or not you use it, you have to get it inspected annually. Why? Inspections are the only way you’ll know if the oil tank is leaking. An underground oil tank is not visible and you won’t notice if the oil is leaking into the soil. If you go years without inspecting your tank and it does leak, the oil will eventually leak into the groundwater causing issues for you and your family for years down the road.

Location is Important

If your oil tank is underground, it’s easy to forget about but it can cause a lot more damage than an above ground tank. Above ground tanks can be kept inside or outside. The benefit of an above ground tank is that you will be able to see right away if it’s damaged and leaking. However, if the above ground tank is outside, it can erode quicker because it is exposed to more elements. The more vulnerable your oil tank is, the more maintenance it will need.

Property Decreases, Insurance Increases

NJ oil tanks are dangerous. They can easily become damaged and cause harm to property. Because of this, your property value is decreased and your insurance rates are higher. If you’re trying to sell your home, it may be wise to first removal the oil tank to increase the value of your home. Additionally, removing your oil tank will allow you to decrease your insurance rates. After the removal process is done, you will be given a certificate saying the oil tank was removed. Take this certificate to your insurance agent for help.

NJ oil tanks can be tricky. There are a lot of what ifs and things to remember if you have an oil tank on your property. The most important thing to remember is that an oil tank can cause immense damage to your property. If you have a home with an oil tank or are buying a home with an oil tank, consider oil tank removal. Removing an oil tank is the best way to keep your home and family safe. Tank Solutions can help with any oil tank service so call us to get started today.