Do you know what your pool policy covers? Swimming pool policies are all different. There are many factors that take place when it comes to swimming pool coverage. Above ground, in ground, flood zone, concrete, fiberglass, depth of pool, etc. the list goes on when determining type of coverage and how much. Cheaper isn’t always better when it comes to pool insurance. In that regard, expensive coverage isn’t always better either. Why have coverage for a Ferrari when you drive a Chevy pick up? With that said, pools are a liability and homeowners are liable for any children who use their pools, whether they have permission or not. So how do you know what’s the right amount? Below are some questions to ask when deciding on pool insurance coverage.
Pool Insurance FAQ
- Does My Homeowners Policy Cover damage to the pool?
The type of coverage varies weather your pool is in ground or above ground. An in ground pool will most-likely have an additional fee to your premium where an above ground pool may be covered under “personal property” (like a watercraft).
- What Are Insurance Requirements?
Insurance companies require you to comply with the laws of the local municipality. You will need to have an approved fence/pool cover to enclose the pool, correct permits, and proper pool maintenance just to name a few.
- Why Do Some Claims Get Denied?
Policy holders are required to keep proper pool maintenance. Any damage to the pool, it’s surroundings, or even equipment due to negligence most-likely wont be covered. The same goes for unapproved structures like water slides and diving boards.
- What is the average Cost Of Pool Insurance?
The cost of insurance varies depending on your pool size, type, value etc. Premiums can be effected by your coverage limits as well. On average, homeowners pay an additional $25 -$75 a month for coverage.
- Umbrella Policy?
Talk to your insurer about an umbrella policy. It is an extra layer of protection. Protect yourself from claims & ensure your pool has coverage if /when needed.