Pools and Insurance: What You Should Know

Swimming pools can add an enjoyable element to your home, especially during the summer months when a cool dip might bring refreshing relief.

However, while pools can be an exciting commodity, they also may create new risks and exposures for which homeowners must account.

The team at Driven Insurance Services is proud to offer comprehensive guidance on a potentially complicated subject.

Insuring the Physical Elements of Your Pool

Homeowners insurance can financially protect not only the structure of a home, but also its outlying structures (e.g., garages and sheds), and swimming pools may often fall under the umbrella of coverage.

If your pool’s decks, stairs, ladders or equipment are damaged due to a covered peril, such as vandalism or fire, you may receive financial assistance for repairs. Coverage may vary depending on your policy, so work closely with your insurance agent to discuss any limitations or exclusions.

Liability Coverage for Pools

One of the greatest risks related to having a home swimming pool is the added potential liability issues.

When welcoming guests to use your pool, you are generally accepting responsibility for their safety and wellness, so accidents, such as slips and falls or drownings, could result in costly lawsuits.

Even if someone uses your pool without permission, you could be held liable for resulting injuries or losses.

Homeowners insurance typically includes some form of personal liability coverage that may help in responding to such incidents, but coverage limits included in standard policies may be insufficient for those with pools.

Enhanced coverage or an additional personal umbrella insurance policy may be needed. Some insurance companies may require homeowners to install safety measures, such as fences and gates, to reduce liability risks.

The Importance of Pool Maintenance

Homeowners cannot afford to cut corners when it comes to maintaining their pool. Negligence could lead to significant property damage and even physical injuries, such as someone jumping into chemically imbalanced water.

In such situations, insurance companies may decline a policyholder’s claim, potentially incurring catastrophic out-of-pocket losses.

We’re Here to Help

Owning a swimming pool can complicate your home insurance needs and potentially expose you to significant financial risks. Fortunately, a qualified insurance professional can help you assess your situation and secure ideal coverage.

Contact the team at Driven Insurance Services today to learn more about coverage options 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.