Oil Remediation Insurance Coverage refers to a type of insurance policy that provides financial protection to individuals, businesses, or organizations against the costs associated with cleaning up and remediating environmental damage caused by oil spills or leaks. This coverage is particularly important for industries, businesses, or individuals involved in the storage, transportation, or use of oil and petroleum products, as well as for property owners with potential oil contamination risks.

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What is Oil Spill Clean-Up Coverage? Why You Should Have It.

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If your home relies on a heating oil tank, ensure you explore obtaining an Escaped Liquid Fuel Endorsement, also known as Oil Remediation coverage, for your home insurance. Home insurance policies commonly exclude coverage for fuel contamination to personal property, groundwater, and neighboring properties unless you have opted for Oil Remediation coverage, which is not automatically included. Considering that not all homes are heated with oil, it’s crucial to assess your insurance policy and potentially add this optional coverage to protect against potential liabilities.

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Why You Should Have Oil Spill Clean-Up Coverage

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Ensure your home is protected from potential oil spills with an “Escaped Liquid Fuel Endorsement,” providing coverage for fuel contamination to your property and beyond. Don’t risk costly out-of-pocket expenses—contact Murphy Insurance to discuss securing this essential coverage for your peace of mind.

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Chapter 453 Acts of 2008: Homeowner Oil Heating System Upgrade and Insurance Law

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Starting July 1, 2010, Massachusetts homeowners using oil for heating must upgrade their systems to prevent leaks. Insurance companies are now mandated to offer coverage for such incidents. Visit the Mass DEP website for detailed upgrade requirements, and contact a heating professional to assess your system’s needs.

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