There are a high number of older houses in the Northeast that have buried fuel oil tanks. "Until the 1960's people were generally un-aware of the risks to the environment and a lot of oil tanks went into the ground," said Stuart Lieberman, a former NJ deputy attorney general who now practices real estate and environmental law.
Today, the risk of soil contamination from an underground tank is well known. What is also well known is the high cost of cleanup associated with oil tank leaks.
Since cleanups can be in the tens of thousands of dollars and may not be covered by your homeowners insurance, it is important to educate yourself on underground fuel oil tank leaks!