Business Details
Trusted Petroleum Storage Tank Insurance in Missouri
The Missouri Petroleum Storage Tank Insurance Fund (PSTIF) provides financial assurance for petroleum storage tank owners and operators. Established to meet state requirements, we offer coverage for cleanup costs and third-party damages resulting from leaks or spills at participating underground and aboveground storage tank sites. Our program ensures compliance with financial responsibility regulations while maintaining a $1 million per incident and $2 million annual aggregate coverage limit.With over 3,500 active participants, we manage claims processing, pre-approval requirements, and reimbursement procedures through a structured framework governed by an 11-member Board of Trustees appointed by the Governor. Our operations combine state oversight with private sector efficiency through contracted service providers, ensuring transparency in fee collection and claim adjudication processes.
Services
UST Coverage
AST Coverage
Claims Processing
Environmental Cleanup
Tank Registration
Participation Agreements
Financial Assurance
Regulatory Compliance
Highlights and features
- We provide coverage with a $1 million per incident limit since 1989
- Our Board includes petroleum industry and environmental experts
- We manage over 3,500 active tank participation agreements
- We offer transparent fee structures with $32 per 8,000 gallon transport load charges
- Our program includes dedicated environmental consultant coordination
Services
UST Coverage
We provide financial assurance for underground petroleum storage tanks. Our coverage meets Missouri's financial responsibility requirements with $1 million per incident limits. We handle cleanup costs and third-party damages for leaks or spills at participating sites.
AST Coverage
Our program includes coverage for aboveground petroleum storage tanks. We offer the same $1 million per incident protection with dedicated claims processing for aboveground tank incidents and environmental remediation needs.
Claims Processing
We manage comprehensive claims processing for tank leaks and spills. Our procedures include pre-approval requirements, cleanup documentation review, and reimbursement processing for eligible environmental remediation expenses.
Environmental Cleanup
We fund environmental cleanup projects for qualifying tank sites. Our program covers remediation costs when petroleum releases occur at participating locations or historical tank sites meeting specific criteria.
Participation Agreements
We administer participation agreements for tank owners. Our online application system handles enrollment, renewal notices, and compliance documentation for both underground and aboveground storage tank coverage.
Questions
What does the PSTIF cover?
We cover cleanup costs and third-party damages from petroleum leaks or spills at participating underground and aboveground storage tank sites.
How do I apply for coverage?
Apply online through our system for underground or aboveground tank coverage with required documentation and fee payments.
What are the coverage limits?
Our program provides $1 million per incident and $2 million annual aggregate coverage with a $10,000 deductible.
How are fees calculated?
Fees include a $32 transport load charge per 8,000 gallons plus annual participation fees based on tank capacity.
What about historical tank sites?
We provide cleanup funds for qualifying sites where tanks were removed by December 31, 1997, if properly reported.
How do I file a claim?
Report incidents through our claims process with required documentation and obtain pre-approval for cleanup expenses.
