OPPOSE the Petroleum Tank Deductible Increase
REALTORS® Please Take Action Today and Ask Your State Representatives to OPPOSE the Petroleum Tank Deductible Increase
Currently the deductible is $500. The General Assembly is considering a measure to increase it to $2500… that’s a 500% INCREASE.
How many real estate deals have you done, where a tank is found to be leaking and needs to be repaired or removed?
Under this proposal, your clients will see the deductible sky-rocket to $2500. We believe this will have a negative impact on many of these real estate transactions.
There have been two budget amendments that have been introduced that will reverse the course, keep the $500 deductible in place and ask a stakeholder taskforce to look at the issue.
Please send a message to your member of the House of Delegates and Senate to let them know Realtors® stand united throughout Virginia in their concern over this dramatic increase.
Email your legislators and ask them to OPPOSE the Petroleum Tank Deductible Increase!