The tank schedule lists the tanks covered under the policy and typically lists a retroactive date. If a retroactive date is not listed on the tank schedule, it must be on another official policy document and compliant with Arizona Revised Statutes (A.R.S.) | View A.R.S. 49-1006.01.C >
Typically, the insured must provide the insurance carrier with a notice of claim as soon as possible during the policy period or extended period. Notice of claim requirements vary between carriers. Some carriers have specific deadlines for notice of claims.
Provide Notice Prior to Tank Removals, Repairs or Upgrades
Typically, the insured must provide the insurance carrier with notice before a tank removal, repair, replacement/or upgrade. Notice of removal requirements vary between carriers. Some carriers have specific deadlines for notice of claims. For example, Great Divide Insurance requires notice by phone or email at least 48 hours prior to the covered storage tank system(s) upgrade, repair, removal or replacement.
Voluntary tank removal language varies and is unique to each carrier. Generally, voluntary tank removal language will state that the policy will not cover any claim arising out of voluntary tank removal.