Part of being a responsible homeowner involves having the proper insurance coverage for your property, especially if you have a pool. While pools are typically covered by homeowners insurance, it’s important to review your policy to ensure you have the right protections in place. Additional insurance policies or increased coverage limits may be necessary to help ensure that you are covered if an incident occurs.
Does Homeowners Insurance Cover Damage to a Pool?
Homeowners insurance will usually help pay to repair a pool if it is damaged by a risk listed in your policy. This typically includes perils such as falling objects or fire.
What Insurance Do I Need for Owning a Pool?
The necessary insurance coverage for owning a pool may depend on whether it is an aboveground or in-ground pool. Most in-ground pools are covered by other structures coverage, and aboveground pools are usually covered by personal property coverage. Even though your pool may be covered by your homeowners insurance, you may need to increase your coverage limits based on the value of your pool, what type of pool it is and if it has accessories such as a deck or slide.
In addition to increasing your coverage limits for other structure coverage or personal property coverage, you might also consider increasing your liability coverage. Liability protection is a standard part of a homeowners policy, but a pool can increase your liability risk. If a guest is injured at your pool, you could incur medical or legal expenses, which is why it helps increase your policy limit. If you own a pool, it is also essential to put extra protections in place to prevent injuries, such as building a fence around the pool, utilizing lockable covers and installing alarms.
Do I Need Umbrella Insurance to Own a Pool?
If you own a pool, you can add an extra layer of financial protection by investing in personal umbrella insurance. An umbrella insurance policy kicks in when you’ve reached your homeowners policy's liability insurance limit.
Home Insurance Quote for Homes With Pools in Arlington, TX
Contact Think Pink Insurance today to ensure you have the optimal insurance coverage. Our experienced agents are dedicated to helping you find the right insurance coverage for your specific needs.
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.