Protecting Against Swimming Pool Insurance Claims.
Post date: March 9th, 2011 |
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When it comes to homes and swimming pools, insurance is not far from mind. The question many people have is “Does my homeowners insurance cover swimming pools?”
Home insurance covers a few things including:
- The dwelling, which is the home itself.
- Personal possessions, also known as “contents.”
- Liability coverage against lawsuits.
- Detached structures like sheds, etc.
There isn’t a specific swimming pool insurance. Your swimming pool would fall under the detached structure category. The amount of coverage for detached structures is typically based on a percentage of the coverage you have on the dwelling. This protection is against damage losses. However, there are usually limits to the coverage. For example, freezing and leaking pipes may not be covered. Also since this coverage is for all outside structures, it may not be enough.
Your liability coverage also applies to your pool. Each year, hundreds of pool-related accidents happen and having a pool opens you up to liability lawsuits. Even if someone does not have your permission to enter your pool, you can still be sued.
Again, your home insurance coverage has a set amount of liability coverage which may not be enough with the added exposure of a swimming pool. It’s a good idea to increase your liability coverage if you have, or are planning to install a pool. A personal umbrella policy adds an extra layer of liability coverage and can be a good option.
Now your premium can go up with additional liability limits, and umbrella policies can vary in price. It’s beneficial to spend some time shopping around to find the lowest home insurance quote. Explain to the agent or representative that you have a pool and make sure you fully understand what your policy covers.
Ultimately, you want to make sure your pool area is safe to avoid any accidents and potential lawsuits. Make sure you establish safety rules for family and guests. Never let anyone swim alone or allow children to play in the pool unsupervised. Put up barriers such as child-proof fencing to keep kids from reaching the pool without an adult.