• Insurance coverage – Because many insurance companies refuse to cover damages brought by underground fuel storage tanks, owners have no choice but to remove them. • Property value – The existence of an abandoned tank can greatly affect the market value of a home or property. Prospective buyers will demand that the real estate agents or sellers remove them before they would enter into a purchasing agreement. Moreover, some local and state laws will require sellers or real estate agents to remove the buried vessels before they think of putting properties for sale.