Question
1: I have installed new USTs and would like to insure them,
what do I need to do?
Answer 1:
The following must be performed:
- Complete
an application that can be downloaded from this web page under
the "Insuring Tanks"
section or apply for insurance coverage online;
- Register
the tank systems with the DNR;
- Provide
a copy of the manufacturer's checklist to show what type of tanks
and piping were installed and that they were installed properly;
- Provide
a copy of the invoice documenting the type of equipment that was
installed for spill and overfill prevention equipment, leak detection
equipment, etc., OR provide third-party verification from the
installer in writing of this information.
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Question
2: I have sold or purchased a site; what do I do with the insurance
coverage?
Answer 2: The
PSTIF insurance policy automatically cancels on the date the sale
takes place. The policyholder (seller) may be offered an Extended
Reporting Period at the time of the sale.
The
buyer can apply for a new insurance policy by completing the application
located under the "Insuring Tanks" section of our web
page.
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Question
3: How often do I have to test my pressurized product lines
and line leak detectors?
Answer 3: Pressurized lines must be tested on an annual basis
at a .1 gph leak rate.
All
pressurized product lines are required to have line leak detectors
on them. These line leak detectors must be tested once a year to
make sure they are in working condition.
If
you have double-walled pressurized product lines with a continuous
line leak detector, the line leak detector must be checked once
a year to make sure it is in working condition. If the line leak
detector is not continuous, then a line tightness test and a check
of the line leak detector is required once a year.
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Question
4: How often do I have to test the cathodic protection system
on my tanks and/or piping?
Answer 4: All cathodic protection systems, sacrificial or
impressed, must be tested every 3 years by a corrosion tester. If
the system is not maintaining adequate protection, it must be repaired
and re-tested until adequate protection can be maintained.
Please
note that for impressed cathodic protection systems, a log must
be maintained to show that the system is working. This log would
include a date that the rectifier box was checked, who checked it
and the readings from the rectifier box.
(The readings would include the number on the hour meter, the amp/volt
amount, and if you have a system that provides a green/red light
to indicate if the system is on and working, record the color of
the light).
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Question
5: How long does it take to approve an application for insurance?
Answer 5: The PSTIF will review an application within 30
days of receipt. Many times if the submissions are not complete,
additional time is required to request the information from the
applicant.
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