“According to the Insurance Bureau of Canada, a home with an exterior oil tank older than 15 years or an interior tank older than 20 years will NOT be insured”
The Technical Standards & Safety Authority has mandated that all heating fuel suppliers must inspect all oil tanks to which they deliver fuel, whether the oil tank is located above ground or below ground, initially and at least once every 10 years. (Homeowners, should visit the T.S.S.A. Website which has more information about heating oil tanks & furnaces that use heating oil).
If your home has an exterior oil tank, interior oil tank, above ground fuel storage tank, underground fuel storage tank or heating oil tank that is no longer in use or more past it’s service life cycle it MUST be removed from your home. Or perhaps you have an abandoned oil tank just sitting and taking up valuable space in your home, cottage, farm or business. These abandoned fuel oil tanks are at potential risk for a fuel leak and should be properly removed by a qualified professional.
Why you should remove your dormant Oil Tanks
Do you want to take a gamble with your health and investment and leave that unused oil tank on your property?
Over time and usage home heating oil tanks may acquire semi-solids (sludge) within them. This sludge contains many harmful contaminants and moisture. Oil tanks that stay dormant with contamination sludge inside could possibly become a hazard to you and your family because of bacterial growth that can form within the tank. Furthermore, these tanks may begin to leak due to corrosion.
Your home or business is one of the largest investments you will make in your lifetime, why gamble with investments? Eliminate the potential risk of an abandoned furnace oil tank? The way to eliminate this risk is to remove the threat by removing the dormant oil tanks!
It is recommended that you remove your abandoned oil tank as soon as possible!