Oil Barrel Question
by Vicki
The inspector came by and had a look around and said our oil barrel was a little rusty looking and should be replaced. My husband got a good deal on an oil barrel that still has a good date on it. He installed it and now my insurance company will not renew our insurance because they say no company will insure a used barrel. Is this the case? Good oil barrels should be sent to the dump? How can I check to make sure this is policy? Used Oil Tank And InsuranceHi Vicki, There have been some huge claims after oil spills from tanks in homes. So insurers are extremely cautious. Some won't even insure a home with oil heat. Most will, but have strict rules. You might find a willing insurer. But most likely you will have to get a brand new tank. Try getting quotes here:  Ask another question at House Insurance Questions and Answers Note: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility. Make sure you review the "please read" page. OR visit Canada Home Insurance www.canada-insurance-source.com |