Underground storage tanks (USTs) are used to store petroleum or certain hazardous substances. The storage system may consist of a tank and any underground piping connected to the tank. The stored volume of the substance must be 10 percent or more beneath the surface of the ground. Certain tanks, such as farm or residential tanks of 1,100 gallons or less, used for non-commercial purposes and used on premises or septic tanks are not considered included in this definition.
USTs are regulated by the Environmental Protection Agency and state environmental agencies to minimize and prevent environmental damage. A leaking UST can contaminate the groundwater, causing a public health hazard. There is also a potential for fire and explosion due to vapors traveling through sewer lines into buildings.
Underground storage tank liability insurance provides a means to meet financial responsibility requirements. Should there be an underground storage tank incident, the policy covers third-party claims for bodily injury and property damage liability as well as costs for corrective actions such as off-site cleanup and cleanup of the insured’s premises.
To obtain a quote, please submit the following to email@example.com:
- Completed application
- Underground tank data sheet
- Registration certificate, if state required
- Tank test, depending on the type of tank