Storage Tank Insurance Policy

The storage tank liability insurance tankguard policy provides coverage for third party bodily injury and property damage from pollution conditions emanating from scheduled underground and aboveground storage tanks.

Storage tank insurance policy.

A storage tank liability insurance policy offers coverage for cleanup costs as a result of leaks and the pollution that these types of leaks can cause. Pollution liability coverage for underground storage tanks with the tankowners pollution top policy mid continent group mcg completed an asset purchase of pro managing general agents inc. It provides information regarding ust insurance policy construction terminology definitions exclusions and coverage that owners and operators should consider when purchasing their policy. The policy also provides coverage for corrective action and cleanup as required by applicable federal and state regulation.

Through our insurance program for storage tanks we have been the leading writer of storage tank pollution insurance nationally for more than a decade. The storage tank liability insurance policy provides coverage for third party bodily injury and property damage from pollution conditions emanating from scheduled underground and aboveground storage tanks. Storage tank liability insurance tankguard. The policy also provides coverage for corrective action and cleanup as required by applicable federal and state regulation.

This type of policy can also offer coverage for bodily injuries that are sustained by third parties as well as property damage that results from issues with storage tanks either above or. Tanksafe our fully automated internet based system has been specifically designed to make an otherwise complicated process both user friendly and efficient for when you need to secure commercial storage tank insurance. And tank owners mutual insurance company to acquire the toptanx and tomic book of pollution liability business in january 2018. These tanks are susceptible to many forms of accident or extraneous damage which include impact damage bursting splitting rupture and collapse.

The storage tank insurance provides coverage against sudden and unforeseen physical losses or damages to storage tanks primarily bulk storage tanks such as palm oil tanks or fuel oil tanks. This booklet provides ust owners and operators with a. List of known insurance providers for underground storage tank owners and operators september 2019. This insurance covers the business owner against loss of or damage to storage tanks caused by unexpected bursting splitting rupture or collapse.