Escape of oil from your domestic tanks or pipes, can be costly

**Review Your Policy Carefully**: The first step is to thoroughly review your insurance policy to understand what is covered and what is not. Look for specific language related to oil spills, leaks, or escapes, and take note of any exclusions or limitations. 

**Types of Coverage**: Homeowner's insurance policies typically provide coverage for sudden and accidental damages, including oil spills caused by events such as equipment failure or vandalism. However, coverage for gradual leaks or seepage may be limited or excluded altogether. 

**Environmental Cleanup**: In the event of an oil spill or leak, the cost of cleanup and remediation can be substantial. Some insurance policies may provide coverage for these expenses, including soil and water remediation, debris removal, and restoration of affected areas. However, coverage limits and excesses may apply, so it's essential to understand the extent of your policy's coverage. 

**Third-Party Liability**: If an oil escape damages neighboring properties or causes harm to individuals or waterways, liability coverage may be crucial. Liability insurance can help protect you from lawsuits and legal expenses resulting from third-party claims for property damage, bodily injury, or environmental pollution. 

**Proactive Measures**: Taking proactive measures to prevent oil escapes can not only reduce the risk of environmental damage but also help lower insurance premiums. Regular maintenance, inspections, and upgrades to oil storage facilities can demonstrate diligence to insurers and may result in lower insurance costs.