Do you know if you need pool insurance? While many homeowners are familiar with what their policies cover, sometimes swimming pools can raise questions. For example, what's the difference between an above ground pool and an in-ground pool for insurance coverage?
Here are some of the most important things for homeowners with pools to know:
Many homeowners insurance providers consider an above-ground pool as part of your personal property, as long as there aren't any permanently installed structures attached. In these cases, the pool would be covered under the personal property coverage. However, personal property coverage might have a limit lower than the cost to replace or repair the pool.
If your above-ground pool is damaged or destroyed by anything on your policy's list of covered perils, such as a falling tree or lightning strike, it will be covered by insurance. If the pool breaks or collapses due to neglect or lack of maintenance, however, it won't be covered.
An in-ground pool on your property will usually be covered under the part of your homeowners insurance policy for dwellings and structures. Some insurance providers might require specific safety upgrades before they'll give you a policy, however. Some of these upgrades could include gated fences or safety lights surrounding the pool.
The liability component of your homeowner's policy typically covers medical expenses or lawsuits related to accidents in or around your pool. Since the personal liability limit can vary from one policy to the next, many homeowners prefer to get an additional umbrella policy for extra financial protection in case of pool-related injuries.
Understanding the details of what the different parts of your homeowners insurance cover will help you make sound financial decisions - and have greater peace of mind. If you have a pool, or intend to get one, keep these facts in mind and remember to discuss them thoroughly with your insurance provider.
A Clarkston area resident since 2007 Kyle was drawn here for its quiet rural communities, recreation, but also the great downtown atmosphere.
Kyle recognizes that each transaction is unique and works diligently to guide his clients seamlessly to the finish line.
With direct experience in managing new construction and extensive remodeling projects Kyle has the knowledge base to help clients envision improvements that create value whether buying or selling.
He currently lives in Springfield Township with his wife, three kids and Dog. An avid water sports enthusiast, he loves spending his spare time on the water.
