Decided to clean the inside of the cover as well. The underside of the cover was rusty, the black seal was damaged and there was a lot of brake fluid leaking from the top of the master cylinder. After cleaning the underside of the lid I installed a new black gasket and it works great now. No more problems and no more leakage. See those little black rubber tabs sticking out of the top of the leash? They are part of the gasket and help hold the gasket to the bottom of the lid.