Uploaded on Apr 8, 2022
Do you know what is ProGuard tank protection is insurance protecting active oil tanks on properties through their oil provider. Check out this post to learn more.
What Is ProGuard Insurance?
What Is ProGuard Insurance?
ProGuard tank protec6tion is insurance
protecting active oil tanks on properties
through their oil provider. It covers
aboveground and underground tanks.
A lot of homeowners using oil heat count on
ProGuard for their oil tank insurance.
If your client or yourself has ProGuard and
they are wanting to sell their home, there are
a few things you should be made aware of
first.
They may want to take the tank out and
convert to gas, making it more appealing to
buyers. You may advise them to go ahead and
remove the oil tank, but that would not be the
best option.
Do Not Put In The Gas Line
If you or your client gives the go-ahead to put
in the gas line before pulling the tank out, they
will have voided their contract with ProGuard.
All the money that has gone into the insurance
will be voided. You will want your client to
thoroughly read through their contract before
making the switch over to gas.
Call ProGuard
If you have any questions regarding your contract
or need a clearer picture of what needs to be
done, call ProGuard and talk to a representative.
You will need to tell them that you want to do a
‘voluntary pull’ and what needs to happen to be
able to have that done within the contract terms
because you want to sell the property or convert
to gas. ProGuard will go through the process with
you. The last thing you want to do is accidentally
void your contract and lose your money invested.
Should I Switch To Gas?
You or your client will have to have a company
come in that can conduct soil testing with a
guarantee. Without the guarantee, you risk
paying more expenses. Simple Tank can come
to the home and examine whether or not
there is contamination.
Your client or you, as the homeowner, need to
decide then if you really want gas. Simple Tank
will be able to tell you if the tank is leaking
and what the price will be. It may not be
worth it for you or the homeowner to invest in
switching to gas. If you still want to be covered
under your insurance with ProGuard, you have
to stick with oil for twelve months with a
leaking tank. They will deliver an aboveground
tank and deliver new oil.
However, if you are facing only a minor
cleanup due to the leakage, it might be worth
it to just have Simple Tank pull the tank.
Simple Tank will be able to assess the damage
and give you a guarantee on price. Smaller
cleanups are going to be less expensive. Then,
you would be able to convert to gas and sell
the property.
It is important that you or the homeowner
understands the ramifications of pulling out a
leaking tank under contract with ProGuard. If
you want to know the extent of the damage
and how much soil contamination there is,
Simple Tank will be able to provide that with
you before you make your decision.
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