Here are our answers to the most common questions we get from Vancouver homeowners about oil tank removal.
How much does oil tank removal cost in Vancouver?
The cost of removing your oil tank can vary. It is dependent on several factors such as location of the tank on the property (e.g. under the lawn, beneath concrete or below a deck), accessibility for our equipment, as well as the size and contents of the tank. It’s best to call us so we can better understand your situation and provide you with a detailed and accurate quote.
Do I have to remove an underground oil tank?
While the sale of your property is usually the number one reason for oil tank removal, there are other reasons to consider. There are dangers of having an oil tank that has been in the ground for a long time. The oil tank could become structurally unsound and prone to collapse. If oil has been left in the tank, then the potential of leakage will increase over time, which poses health and/or safety risks and increases the chance of costly cleanup. Removing your oil tank allows you to better comply with local government regulations. The City of Vancouver bylaw requires that out-of-service underground oil storage tanks be removed and that all contaminated soil be removed and replaced with clean fill. Finally, removing your oil tank proactively means not having to run into problems when selling your home in the future, or when renewing your mortgage or insurance policies. Ultimately, you’ll enjoy peace of mind without wondering what lies beneath the ground.
Does homeowners insurance cover oil tank removal?
In our experience, most home insurance policies do not offer oil tank protection. Most insurers will not re-insure your home if it is found that you have an oil tank on the property.
Can I sell my house with an underground oil tank?
Most real estate professionals do not recommend selling or buying a property with an underground oil tank because of the unknown condition of the tank or the surrounding soil, and most lenders will not finance/mortgage a property with an underground oil tank.