Environmental
Missouri's Petroleum Storage Tank Insurance Fund (PSTIF) provides coverage for:
AUnderground storage tanks at residential properties only
BOwners and operators of regulated underground storage tanks for cleanup costs and third-party liability✓ Correct
CSurface water contamination only
DCommercial properties over 5 acres
Explanation
Missouri's PSTIF provides insurance coverage for owners/operators of regulated underground storage tanks (USTs) for both cleanup costs and third-party bodily injury/property damage claims from UST releases.
People Also Study
Related Missouri Questions
- Underground storage tanks (USTs) in Missouri are regulated primarily because they can:Environmental
- In Missouri, a gas station's leaking underground storage tank (LUST) cleanup is overseen by:Environmental
- Missouri's Department of Natural Resources' 'Storage Tank Program' regulates underground and aboveground storage tanks because they:Environmental
- A Missouri seller's disclosure form asks about underground storage tanks. If the seller knows of an abandoned UST on the property and fails to disclose it, this could constitute:Environmental
- In Missouri, an agent who discovers that a home has an undisclosed underground oil tank is obligated to:Agency
- In Missouri, a ALTA (American Land Title Association) extended coverage title insurance policy differs from a standard policy because it:Escrow & Title
Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
Study This Topic
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →