Donít recall seeing a thread out there for homeowners and thought It might be useful.
Iíve recently heard several stories of people having their oil tanks leak, resulting in cleanup costs well over $100k(out of pocket) and some needing to replace their homes foundation due to contamination. Pretty scary stuff...
Do any of you have oil heat, and if so do you have additional insurance protection for oil leaks? Iím curious of the cost and stipulations for coverage, I.E. how frequently the tank needs to be inspected or replaced.
This is a scary thought and one I never assumed could happen being an owner of a home with oil heat.
I purchased my house in 2017 which was still very much in these current bidding war times. My wife and I had a group of towns we were interested in and unfortunately the town we now live in is predominantly oil only. When I purchased my fist home in 2012 I wouldn't even consider a home with oil, however times changed and buying a home in these current market conditions require more settling and compromises then in years past.
Maybe transitioning the whole house to propane is a decent option to consider, I do currently have the hot water running off of propane so setting up a second tank for heat probably wouldn't be that hard to do.
Either way TP for starting this thread.