Farm Tanks

"Farm tank" means:

A tank with a capacity of more than 110 gallons but less than 1,100 gallons.
Situated above ground or underground.
The tank is used for storing motor fuel for non-commercial purposes.
The tank is located on a tract of land devoted to the production of crops or raising animals, including fish, and associated residences and improvements.
A farm tank must be located on the farm property. "Farm" includes fish hatcheries, rangeland, and nurseries with growing operations.

Insurance Coverage Offered by PSTF

For owners or operators of farm tanks no more than $100,000 per occurrence and no more than $100,000 annual aggregate.
$2,000 deductible per annum.

Storage Tanks Eligible for Insurance

Eligible farm tanks are those tanks that meet the following criteria:

Application fees have been paid.
The farm tank is in compliance with any applicable state or federal rules and regulations.
The tank is used only for the storage of petroleum products.
Any contamination caused by or released by or from the tank has been cleaned up, or a plan for cleanup or removal approved by the Department of Environmental Quality is being implemented; provided, however, that the trust fund shall not pay for any costs associated with prior contamination.
Additional underwriting requirements may apply.

Insurance Cost

$25 per tank per year application fee.

How to Apply and for Detailed information

Call (208) 332-8100 or 1- 877-997-7664, e-mail pstfIM@idahosif.org or download an application. Mail application to: Petroleum Storage Tank Fund, PO Box 83720, Boise ID 83720-0044.

CLICK HERE FOR APPLICATION

Underwriting records are exempt from public disclosure, Idaho Code Section 9-340.

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