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Pre Pay LP prices
Check with your insurance company, or maybe Kenneth can fill us in, but up here, most insurance companies ask specifically if you own or rent the LP tank in the yard.
There is a good reason too, if the tank is rented, and leaks, and causes a big boom, it's the tank owner that is responsible. If that is not the same person who's house blew up, the insurance company has someone to go looking to for retribution, except they call it subrogation, .
In my case I pay $60 a year for the tank on my shop heater, but the insurance company said it would be about $70 a year more in premiums if I owned it, so I actually save $10 a year by renting.
Besides, if it's their tank, they pay to maintain and or replace it when it gets older. Up here they have to be recertified every 5 or 10 years. This is free with a rental tank, they just send a 5 ton truck with a crane out the same time as the tanker, they switch tanks and fill the new one for free.
Best of luck.
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Pre Pay LP prices
Wing, you are right, and I should have been clearer.
LP tanks don't go boom, they store a lot of gas that will. Since propane is heavier than air it will settle and stay there in calm conditions.
As for your wings, depnding on the size and kind of equipment you have, and the leak, yes you migh have been real close to getting your permanent wings. Most newer tanks have a flashback preventer in line right next to the tank, if not, under the right conditions the flame can, and will run back inside the line and go ka-blooie!!
It is actually the most hazardous when the tank is nearly empty, since it is the vapour not the liquid that is flammable.
A house not too far from here had a close call recently, the LP pool heater caught fire while the owners were away, it melted the line to the heater, that in turn mae the whole thing into a very large blow torch, when the tank (a few feet away) reached the critical temperature it left with a bang. It landed on the road (a few hundred feet from where it left from) just as the volunteer fire fighters showed up.
The article in the local rag showed it split open like an overboiled weiner, and quoted the fireman as saying that he was amazed at how far it had flown.
Best of luck.
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