In the event of a petroleum release from a storage tank, the Virginia Petroleum Storage Tank Fund (VPSTF) normally provides financial assistance for costs incurred for required environmental corrective action once a deductible (“financial responsibility”) is met. For releases from residential and farm tanks, the deductible is $500. The VPSTF assistance is available for VDEQ-required corrective action only. It does not cover Building/Fire Code compliance costs that are exclusive of VDEQ requirements, and it does not cover costs for new tanks.
VPSTF assistance requires pre-approval of activities and accurate claim submittal, so it is important to have an experienced consultant, such as Pollard, handle this process.
To find out if your buried fuel tank is eligible, we can inspect it and if there is leakage secure the financial assistance from the VPSTF. It’s an excellent program for Virginians, and we make the process simple. It’s what we’ve been doing since 1998.