Insurance Success Tip #9 – Consider Pollution Insurance

Almost all liablity insurance policies exclude pollution claims.  Consider buying separate policies.

Oil leaks from a heating oil storage tank?  No coverage.

Stored chemicals contaminates a neighbor’s well?  No coverage.

Pollution is found at a vacant site you own?  No coverage.

You buy land and find it is contaminated?  No coverage.

Your property insurance provides extremely limited coverage for cleanup of pollution at your location when the cause of the loss is a peril covered by your building insurance.  The coverage is probably less than $15,000.