NJ Oil Tank Leaks A Homeowners Insurance Guide
Oil tank leaks? Yeah, they're bad news for New Jersey homeowners. The damage spreads like crazy, and cleanup costs add up faster than you'd think. Here's the thing though - a lot of people figure their homeowner's insurance will cover the whole mess. But that's not always how it works. Getting a handle on what your policy actually covers could save you from a serious financial headache later on. What Does Homeowners Insurance Typically Cover So here's the deal: most standard homeowner policies in New Jersey won't cover oil tank leaks. Insurance companies look at them as maintenance issues - kind of like a worn-out roof or an old water heater that finally gives up. Now, if the leak happens suddenly because of an accident, you might catch a break with some coverage. But those slow leaks from rust or just plain old age? Those typically don't qualify. Some policies give you limited coverage for cleanup. Others shut out oil tanks completely. Take time to read...