Amidst all the amazing weather we have been enjoying this summer, it’s hard to believe we’re nearing mid-August and many of us will soon be preparing our children for getting back to school.
As we look a little farther to the beginning of the home heating season, it may be a good time to address the much-asked question: ‘When should I replace my oil tank?’
Insurance policies vary by company and may require domestic oil tanks to be replaced after 20, 15 or even 10 years (depending on the type of tank and the insurance company), even though they may last longer. Steel oil tanks in our cold and wet climate are susceptible to rust. Condensation, sludge and contaminants can also cause damage, so you should keep mind not only the age of your tank but its condition.
Since there is no hard answer on at what age a tank should be replaced, it is important not to wait until your tank is over 10 years old to have it checked for potential problems. It is a national building code requirement to have your heating equipment inspected annually by a qualified technician. This is the only way to ensure your tank, oil lines, filters, and equipment are free of major corrosion or leaks.
When it is time to replace your tank, you have some choices. Steel tanks have been working well for years and have offered safe and adequate storage. New code guidelines now allow many options including double bottom steel, fiberglass, and a few other non-metallic double-wall tanks. All can offer better protection, longer warranties, and some even have built-in insurance policies against manufacturing defects for up to 30 years. It’s always best to consult with your insurance company before choosing a new tank. Some may offer longer replacement periods or even premium reductions for installing a better-quality tank.
Occasionally, you may hear of someone having an oil spill. While they don’t happen often, leaks from old and rusty heating oil tanks can occur, so it’s wise to make sure your tank is in good condition. Even if it looks good, there may be a pin hole waiting to occur. Insurance companies are often challenging to deal with unless all guidelines have been strictly followed.
The consensus continues that heating with oil is a safe and comfortable way to stay warm. Scotia Fuels works hard every day to keep it that way. During the warmer weather when the demand is lower, you may want to schedule your free annual furnace tune-up (as a Scotia Fuels’ customer, you only pay for replacement parts). While you’re having this performed, one of our expert technicians will also inspect your oil tank and let you know what kind of shape it is in. And if you do need replacement, we can supply, install and even provide financing for a new oil tank.
Looking for more information on oil tank regulations? Please see our recent blog https://scotiafuels.com/general/oil-tank-installations-new-requirements/
Not yet a Scotia Fuels’ customer? Visit us at https://scotiafuels.com/contact-us/ or give us a call at 902-453-2121. We’ll answer within 2 rings and we’ll book you for a complimentary furnace and tank inspection.