Reasons for an Oil Tank Search or Sweep
Typically it occurs when someone is buying a home or building lot. Most lenders and insurance companies will require that you have a sweep completed.
Most importantly, if a tank is found later, your exposure will typically be at least in the thousands and we have seen homeowners lose there homes due to leaking tanks.
The age doesn’t matter, you need to be concerned as follows:
- An older home might have existed on the same lot.
- 99% of the development might be gas, but the original owner wanted oil or was in the business.
- In the 1970’s, there was a moratorium on gas installation. Gas was run down the street, but homeowners could not hook up.
We use state-of-the-art, modern equipment and methods to find hidden tanks. It includes magnetometers probes and on some sites, it could require ground penetrating radar (GPR). We also require to get inside the dwelling in order to complete interior inspection.
Many companies will not take the next step. It would be offering other services that could be needed. This happens if an anomaly is found or there is an oil tank causing you to find another contractor to complete the project and move on with your transaction.
Our group can handle every aspect of the project, like we have for over 20,000 clients!
Are inspections guaranteed? To date, every single inspection report contains a margin of error and loophole in the report.
Yes, even our basic service contains this. There are more and more underground objects and utilities in the ground. A basic search does a great job and even with the contingencies, lenders understand and accept the reports with disclaimer.
If you require or want a 100% guaranteed, Oil Tank Assurance (our sister company) offers an Oil Tank Assurance Plan.
How to Protect Yourself and Your Investment