Underground Storage Tank Indemnification Fund (USTIF)
If your underground storage tank (UST) has had a release, you could be on the hook for some costly remediation. However, there may be help. GeoServices has successfully obtained assistance for Underground Storage tank (UST) owners and operators who suffered a release from their UST after February 1, 1994.
The Storage Tank and Spill Prevention Act, Act 32 of 1989
The Storage Tank and Spill Prevention Act, Act 32 of 1989, 35 P.S. §§6021.101 et seq., was amended to require storage tank owners to carry insurance coverage. The Underground Storage Tank Indemnification Fund (USTIF) was founded to assist owners and operators in meeting their insurance requirement. USTIF makes claim payments to eligible UST owners or operators for damages caused by a release from their UST. The USTIF even indemnifies tank owners for third party liability that may occur when the release from a tank has injured another person or that person’s property. There are other eligibility requirements, and we are here to help you understand if you qualify and the filing process.