Home Insurance And Swimming Pools
Author: weissheiss
Does home insurance cover a swimming pool? Whether you have a pool, are buying a home with a pool, or plan to install a pool it’s important to make sure you have the right insurance protection. Here are some things to consider.
First of all, what does a typical homeowner insurance policy cover? It provides coverage for:
Your actual home, which is referenced as “the dwellingAdjacent structures, such as sheds Personal possessionsLiability
Coverage needs for your swimming pool would fall under “structures” and “liability.”
Coverage for structures is often a percentage of the coverage for your dwelling. This covers damage but there are often limits as to what a home insurance company will cover. If you are adding a swimming pool, this percentage may not be enough — especially if you have other structures on your property like a workshop or gazebo. Let your agent know that you may need additional coverage.
Liability is the bigger concern for both the homeowner and the insurance company. Liability coverage provides protection in case someone sues you for bodily injury or property damage that you, a family member or a pet caused. In the case of a swimming pool, this could be a lawsuit for injury or death that occurs in or around your pool. You should consider increasing your liability coverage if you have a pool.
It’s a good idea to take steps to make your pool safer, establish safety rules for family and friends, and be able to prevent children from getting near it unsupervised.
Of course, having a swimming pool and increasing your coverages can cause you to pay more for your home insurance. Consider shopping around to find the best rates and premiums. Get at least three different quotes for comparison. And be sure to ask and fully understand the coverages you get with a policy before you buy.
Posted in Home Insurance | 
Tags: Family And Friends, Insurance Coverage, Insurance Protection, Liability Coverage, Premiums, Sheds, Swimming Pools, Typical Homeowner