Insurance & Oil Tanks

If you have an oil based heating system your oil tank is one of the most important parts of that system, as it stores the fuel needed to make your furnace run and keep your home warm and cosy all winter. While issues with a properly maintained and inspected tank are rare it’s always good to be prepared in case something does go wrong. Oil tank insurance will help keep out of pocket costs down if your tank leaks and causes problems. 

Oil tanks are usually covered under your homeowners insurance. When buying a new home it’s a good idea to have the oil tank inspected to determine its condition before buying, so you know whether to factor an oil tank replacement into your budget in the near future. 

Your insurance company will determine when your tank needs to be replaced. Even well maintained tanks can have natural wear and tear that makes them more susceptible to leaks as they age so insurance companies have standards they follow to avoid possible issues. On average an outdoor tank is required to be replaced after 13 to 15 years of age. Indoor tanks have a little more time, due to not being exposed to the elements, and don’t need to be replaced until 18 to 20 years of age. Indoor tanks may also be a cheaper option insurance wise because there is less liability should a leak happen. The leak would be contained and there is no possibility of water table contamination that would require regular soil testing. Buried oil tanks are very unlikely to be insured and could leave you covering 100% of the costs should a leak occur. 

Double wall Fibreglass tanks are one option that could be an exception to your insurance company’s oil tank replacement guidelines. Though more expensive, these tanks are stronger and more leak resistant, and can often outlast a typical tank. Many insurance companies will allow for fibreglass tanks to be inspected when they reach the company’s age limit and if they are still in good condition you can have your policy extended for the tank.

It’s important to keep up with the guidelines for your area as well. Some provinces have their own requirements for when oil tanks must be replaced that may not line up with your insurance company’s requirements. 

As always, you’ll also want to make sure you have your tank inspected and cleaned regularly to make sure it’s working efficiently. That will make your insurance company happy and ensure your tank will be more likely to reach the maximum age limit before needing to be replaced. Check out our blog on preparing your oil tank for winter for some great tips on oil tank maintenance. 

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West Nova Fuels Bridgewater

570 Logan Road
Wileville, Nova Scotia
B4V 9C7
Open: 8am – 4:30pm

West Nova Fuels Propane Bridgewater

65 MacCulloch Rd
Cookville, Nova Scotia
B4V 7P1
Open: 8am – 4:30pm

Commercial Lubricants

Nova Scotia, New Brunswick

West Nova Fuels Digby

218 Victoria Street
Digby, Nova Scotia
B0V 1A0
Open: 8am – 4:30pm

Superline Fuels Halifax

3451 Barrington St
Halifax, Nova Scotia
B3K 2X8
Open: 8am – 4:30pm

West Nova Fuels Propane - Kentville

909 Park St
Kentville, Nova Scotia
B4N 5H3
Open: 8am – 4:30pm

West Nova Fuels Lunenburg

73 Falkland St
Lunenburg, Nova Scotia
B0J 2C0
Burner Service: 902-634-4700
Chester: 902-275-4775
Open: 8am – 4:30pm

Superline Fuels Parrsboro

3306 Highway 2
Parrsboro, Nova Scotia
B0M 1S0
Springhill: 902-763-3303
Open: 8am – 4:30pm

West Nova Fuels Port Williams

28 Highway 358 Greenwich
Port Williams, Nova Scotia
B4P 2R2
Hantsport: 902-684-3324
Open: 8am – 4:30pm

West Nova Fuels Shelburne

91 Falls Lane Rd.
Shelburne, Nova Scotia
B0T 1W0
Propane: 902-530-3150
Open: 8am – 4:30pm

Superline Fuels Truro

208 Industrial Ave
Truro, Nova Scotia
B2N 6V4
North Shore: 902-548-2991
Springhill: 902-763-3303
Open: 8am – 4:30pm

West Nova Fuels Wilmot

RR2; 15048 Highway 1
Kingston, Nova Scotia
B0P 1R0
Open: 8am – 4:30pm

West Nova Fuels Windsor

6006 Highway 14,
Garlands Crossing
Windsor, Nova Scotia
B0N 2T0
Open: 8am – 4:30pm

West Nova Fuels Woods Harbour

20 Falls Point Rd
Woods Harbour, Nova Scotia
B0W 2E0
Open: 8am – 4:30pm

West Nova Fuels Yarmouth

211 Water St
Yarmouth, Nova Scotia
B5A 1L9
Open: 8am – 4:30pm

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