Storage Tank Pollution Coverage
Covers costs and damages incurred due to a release of a petroleum product from an underground or above-ground storage tank.
Coverage is provided for corrective action costs and third party damages incurred due to a sudden or gradual release of a petroleum product from a scheduled underground or above-ground storage tank. Corrective action costs include on-site and off-site cleanup; third party damages include BI, PD and diminution of property value. When used to cover underground storage tanks, the form provides financial responsibility coverage that satisfies state and federal regulations.