Insurance And Pool Ownership: What Homeowners Should Know

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For homeowners with a pool, the pool is undoubtedly considered a part of the property. Yet, its proximity to the home structure does not necessarily mean it is covered. Pool coverage can vary significantly between insurance providers and even among policyholders. If you are a pool owner, make certain you understand how pool coverage works to ensure you are prepared. 

Other Structure Coverage

If you are in the process of building a pool, a short review of your policy can help you determine if your pool is already covered or if you need to add coverage. Most homeowners' policies have another structures section that details coverage options for structures beyond the house, such as fences and pools. If the swimming pool structure and equipment are listed as covered losses in this section, it means that you are already protected. 

Liability Protection

Liability coverage is one of the most essential components of insurance coverage because it is intended to provide homeowners with financial protection in the event someone is injured on the property. Generally, these policies include blanket liability protection that provides coverage for injuries sustained anywhere on the property. However, the addition of a pool might require that you increase your amount of liability coverage. An increase in coverage is especially important if you plan to entertain at your pool often. Review your policy to ensure your existing coverage amount offers adequate protection based on your needs.  

Attractive Nuisance

In the insurance world, swimming pools are considered attractive nuisances. The attractive designation speaks to the enticing element pools present, particularly for young children, and the nuisance represents the dangers of these structures. To obtain coverage, many companies require this type of attractive nuisance to be secured, such as behind a fence. Some insurance companies also impose restrictions on the fencing design, such as a minimum height, so get all the facts. 

Deniable Structures

Again, liability insurance is intended to provide protection for homeowners in the event someone is injured while in the pool. While this coverage encompasses a number of scenarios, there are some parameters. Insurance companies are all about analyzing risk. Specific pool structures, such as slides and diving boards, are considered high risk because of their propensity to cause injury. As such, injuries resulting from these structures may be denied. Contact your provider for specific details. 

Speak with a home insurance professional to learn more about your pool coverage options.