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03 Jun Underground Storage Tank Insurance
In the world of insurance the landscape is ever changing. One of the changes that is ongoing is in the world of underground storage tank insurance. For the past decade or so it has been pretty easy to obtain this type of insurance, but recently many of the carriers of insurance have been unwilling to offer this coverage. There can be many reasons for this. With a tank such as this, they can be too old or have hazards that are unknown and cause many problems.
The owners of these storage tanks may have some difficulty in finding insurance. They may get turned away by many insurance markets because they have tanks that are too old to have insurance in their minds, or because the tanks don’t have a good safety design or some other reason that isn’t known to the insured. Many times insurance carriers are just moving away from writing this type of insurance. This leaves the owners of these storage tanks in quite a dilemma and can have some pretty dire consequences for their business.
If you are having any of these issues it can be very difficult to find the light with help from an insurance company or even being given a chance. What can these owners do? Many times they can seek out their own insurance and run into many roadblocks, or they can try and self insure, or run with out insurance. The big issue with this is, if there is a claim it could bankrupt their business…
We here at Evolution Insurance Brokers are able to provide this elusive type of insurance. We have specialized for many years in providing pollution or damage coverages for these tanks as well. We are able to provide a good plan to help solve your insurance problems.
If you have ever had trouble finding insurance for your tanks, or would like to look at a quote, we can make your struggles with underground storage tank insurance easy. We can provide a quote within about 24 hours of receiving your application. Let us know if we can help.