Como Disposal Blog

Attention Homeowners: Not Removing Oil Tanks Can Cost You A Lot of Money!

- Wednesday, September 07, 2016

It is prudent to opt for oil tank removal if your home has a heating oil storage tank that is no longer being used. Such oil tanks and the contamination that these tank causes can turn into a financial nightmare if you don’t take proactive measures right away.

Today, oil tanks are not as common as they were a couple of years ago because gas is readily available. However, there are still many homes in Toronto that still use oil to heat their home. Even homeowners that have switched to other methods of heating often forget about the oil tanks on their property. Whether you are using or not using the oil tank, it is time to get it removed by a professional company.

Why is Oil Tank Removal Important?

Oil tanks are a blast from the past. These tanks were not constructed to resist rust and corrosion unlike the double-walled tanks that are available now. However, with rising oil prices, it makes sense to switch to natural gas.

The Liability: You may think just because your grass is green and the plants are flourishing, the oil tank has not sprung a leak. On the contrary, the tank can leak without your knowledge affecting your plants. Just the assessment of the soil to check for contamination in your home could cost you anywhere from $1,500 to $4,000. That is not all.

Just a simple excavation, lifting, hauling and disposing could cost you $1,000. But, if there is a leak or soil contamination, the cost could skyrocket.

Removing contaminated soil from your home could damage your property and plants. It is not known how much of the soil would have to be removed from your property and disposed. Most companies charge by the ton and the cost can vary anywhere from $25 to $35 a ton. In addition to that, you’ll have to hire trucks to haul the soil. You will have to pay by the hour for the trucks and the meter goes on ticking while the trucks are waiting as well as during transit.

The Insurance Angle: Many insurance companies are wary of insuring homes that have old and abandoned tanks because of the huge liability. If they do offer you homeowner’s insurance, you could be saddled with high monthly premiums.

As you can see, the cost of letting old and abandoned oil tanks on your property could cost you an arm and leg.

Opt for Complete Oil Tank Removal

Some removal companies offer sand filling of the tank. While this is one way of de-commissioning, it is not the most efficient. It is best to get the whole tank removed and hauled away. Remember, the tank should only be removed by a TSSA-registered removal company. After successful removal, you will be issued a certificate of tank removal for insurance purpose.

Before your underground oil tank creates a huge problem for you, opt for safe and secure oil tank removal. It is the least expensive option that can save you thousands of dollars in the future.

Call Us Today

By choosing Como Disposal, you are getting an all-around professional service for all your demolition and disposal needs including underground oil tank removal. We guarantee the lowest pricing, on-time service and quality customer care. If you have any questions you can call us at (416) 252-6641 or email us at info@comodisposal.com and we'd be happy to help you out.

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