Do You Really Need Tank Insurance? Yes — Here’s Why

If you heat your home with oil, you probably already know that your tank plays a crucial role in keeping you warm. What you might not know is that a leaking oil tank could cost you $10,000–$50,000 (or more) in cleanup and environmental damage.

That’s why tank insurance isn’t just a nice-to-have — it’s essential.

At Palisades Fuel, we offer tank protection through the industry-leading ProGuard Tank Protection Program, which combines nationwide coverage with the local service you trust.

Here’s what you need to know.

What Happens When a Tank Leaks?

Oil tanks — especially older ones — are prone to corrosion over time, both above and below ground. A small crack or hole might go unnoticed until:

• You smell fuel in your basement or yard

• Your system starts malfunctioning

• A routine inspection reveals contamination

Once oil leaks into the soil or groundwater, you’re responsible for cleaning it up — even if it wasn’t your fault. And unfortunately, homeowners insurance usually doesn’t cover it.

What Tank Insurance Covers

That’s where the ProGuard Protection Plan comes in.

Here’s what you get:

• Coverage for both aboveground and underground residential oil tanks
• Full cost of cleanup and environmental remediation, if a leak occurs
• Tank replacement coverage
• Optional annual tank inspections and site assessments
• Peace of mind with plans backed by a national provider — but supported locally by Palisades Fuel

Is It Worth It?

Yes — 100%. Tank insurance can cost less than a dollar a day, while a tank leak could bankrupt your savings or prevent you from selling your home until it’s cleaned up.

You wouldn’t go without car insurance. So why risk your property and your wallet without tank insurance?

Why Trust Palisades Fuel with Your Coverage?

We’ve partnered with ProGuard for one simple reason: they’re the most trusted name in tank insurance, and they back it with real service. Plus, when you go through us, you’re not dealing with a call center — you’re talking to real people in your community.

We also provide:

• Professional oil tank installations and replacements

• Visual inspections and cleanings

• Emergency response support

Ready to Protect Your Tank?

If you’re unsure whether your tank qualifies or want a quote, give us a call. We’ll walk you through your options — no pressure.

Or visit our Tank Insurance Page » to learn more.

Already have an older tank? This is the perfect time to upgrade. We offer 0% financing on all new tank installations — and you can bundle that with insurance coverage for the ultimate protection.

If you have questions about oil tanks, insurance, or upgrades, our team is always happy to help.

Call us today
Or book a service appointment online