What Is ProGuard Insurance? - PowerPoint PPT Presentation

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What Is ProGuard Insurance?

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Do you know what is ProGuard tank protection is insurance protecting active oil tanks on properties through their oil provider. Check out this post to learn more. – PowerPoint PPT presentation

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Provided by: simpletankservices
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Title: What Is ProGuard Insurance?


1
What Is ProGuard Insurance?
2
  • ProGuard tank protec6tion is insurance
    protecting active oil tanks on properties through
    their oil provider. It covers aboveground and
    underground tanks.

3
  • A lot of homeowners using oil heat count on
    ProGuard for their oil tank insurance.

4
  • If your client or yourself has ProGuard and they
    are wanting to sell their home, there are a few
    things you should be made aware of first.

5
  • They may want to take the tank out and convert
    to gas, making it more appealing to buyers. You
    may advise them to go ahead and remove the oil
    tank, but that would not be the best option.

6
  • Do Not Put In The Gas Line
  • If you or your client gives the go-ahead to put
    in the gas line before pulling the tank out, they
    will have voided their contract with ProGuard.
    All the money that has gone into the insurance
    will be voided. You will want your client to
    thoroughly read through their contract before
    making the switch over to gas.

7
  • Call ProGuard
  • If you have any questions regarding your
    contract or need a clearer picture of what needs
    to be done, call ProGuard and talk to a
    representative. You will need to tell them that
    you want to do a voluntary pull and what needs
    to happen to be able to have that done within the
    contract terms because you want to sell the
    property or convert to gas. ProGuard will go
    through the process with you. The last thing you
    want to do is accidentally void your contract and
    lose your money invested.

8
  • Should I Switch To Gas?
  • You or your client will have to have a company
    come in that can conduct soil testing with a
    guarantee. Without the guarantee, you risk paying
    more expenses. Simple Tank can come to the home
    and examine whether or not there is contamination.

9
  • Your client or you, as the homeowner, need to
    decide then if you really want gas. Simple Tank
    will be able to tell you if the tank is leaking
    and what the price will be. It may not be worth
    it for you or the homeowner to invest in
    switching to gas. If you still want to be covered
    under your insurance with ProGuard, you have to
    stick with oil for twelve months with a leaking
    tank. They will deliver an aboveground tank and
    deliver new oil.

10
  • However, if you are facing only a minor cleanup
    due to the leakage, it might be worth it to just
    have Simple Tank pull the tank. Simple Tank will
    be able to assess the damage and give you a
    guarantee on price. Smaller cleanups are going to
    be less expensive. Then, you would be able to
    convert to gas and sell the property.

11
  • It is important that you or the homeowner
    understands the ramifications of pulling out a
    leaking tank under contract with ProGuard. If you
    want to know the extent of the damage and how
    much soil contamination there is, Simple Tank
    will be able to provide that with you before you
    make your decision.
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