Chapter 453 of the MA Acts of 2008 requires insurance companies insuring one to four family residential properties to offer coverage for costs associated with the remediation or clean up of oil or liquid fuel spills.
The purpose of the law is to provide one to four family residential property owners the option to purchase additional insurance coverage for liquid fuel oil that escapes from a fuel system.
Coverages on an owner-occupied homeowners (or non owner-occupied dwelling/fire) policy with liability were limited to third party coverages. No first party or property coverage was available.
Now offerings- including including first party or property coverage- vary by company. Please contact us if you would like more information!
