Importance of Proper Insurance Coverage if You Have a Pool

A swimming pool can enhance your backyard, offering endless fun and entertainment for your family and friends. However, it’s crucial to recognize how a swimming pool can impact your homeowners insurance.

What Insurance Do I Need for a Pool?

Homeowners insurance can typically offer coverage for swimming pools. It may help cover the cost of repairs if the pool is damaged due to a covered incident and assist with medical and legal expenses if a guest is injured. However, your insurance provider may recommend adjusting your coverage limits based on the pool’s value and any accessories, like a deck or waterslide.

Your insurance provider may also recommend adding an umbrella insurance policy to your portfolio if you don’t already have one. An umbrella insurance policy can offer liability coverage beyond your homeowners policy limits and activates once you’ve used up the underlying insurance amount.

Factors to Consider When Updating Homeowners Insurance for a Pool

If a pool-related accident occurs and you lack proper insurance, you could face significant financial consequences. Without coverage, you’d be responsible for medical expenses, property damage and potential legal fees. When determining the appropriate coverage limits for your pool, consider the following factors:

• Pool value—Assess the total value of your pool, including any accessories like decks, waterslides and lighting. This value may influence the coverage needed.
• Liability risks—Pools pose liability risks, such as accidental injuries to guests. Adequate liability coverage can be essential to financially protect against potential lawsuits.
• Local regulations—Research local regulations regarding pool safety and insurance requirements. Some areas may mandate specific coverage levels.
• Property value—Consider how the pool affects your overall property value. Adjust coverage limits accordingly to safeguard your investment.
• Personal assets—Evaluate your personal assets. If you have substantial assets, higher coverage limits can help protect them.

Insurance for Pool Owners in Kent, OH

Contact National Premier Insurance to review your homeowners insurance and help ensure you have proper coverage for your swimming pool.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.