Underground Storage Insurance

Underground Storage Insurance

An insurance policy providing coverage to a company that stores oil tanks and other hazardous materials underground. For example, underground storage insurance may pay for losses if a policyholder's tank explodes underground, causing damage. As with all insurance, a company must pay a premium to receive underground storage insurance.
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ACE TankSafe is offered through ACE Casualty Risk's environmental underwriting unit--ACE Environmental Risk--and targets underground storage insurance products, from the small tank policies to large industrial portfolios, for the small to mid-sized market.
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