The Idaho Petroleum Storage Tank Fund (PSTF) is a state-created not-for-profit insurance organization based in Boise, ID, providing coverage for approved petroleum cleanup costs and third-party claims resulting from accidental releases in Idaho. PSTF offers affordable coverage for various types of storage tanks, ensuring protection against costly environmental problems.
PSTF's insurance policy operates on an occurrence basis, allowing coverage for accidental releases even if discovered later, and features a reimbursable deductible to quickly pay cleanup costs and damages. Tank owners can transfer coverage to new owners upon property sale without a lapse in protection, meeting financial responsibility requirements for tank owners in the state.
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