Tue Sep 11 2018
A pool can add value to your home, but it can also add some insurance complications. That’s why this guide exists: to clear up some common questions we get about swimming pools.
Find out what kind of pools we can cover, how they are covered under your home insurance policy, and exclusions you should know about.
Yes, but your pool might need to meet some safety requirements before insurers cover it. For example, at Kin, we prefer pools that:
If your pool meets these requirements, it can be covered. If a windstorm blew a branch into your pool that ripped the lining, your insurance could potentially pay for that repair.
Your homeowners insurance also usually offers personal liability coverage for visitor injuries that happen in or around your pool. However, pools do increase the risk of an injury happening on your property, so check your coverage limits. If you need more protection, consider an umbrella policy. This can supplement your liability coverage limits without drastically increasing your home insurance premium.
Insurance can typically cover both above ground and inground pools. The difference between these two types of pools from an insurance standpoint is which part of the policy protects the pool.
Insurance providers may use:
When in doubt about what part of your policy applies to your swimming pool, ask your agent.
Say your pool springs a leak. If the leak wasn’t caused by a covered peril (like a fire or windstorm), your policy typically won’t cover the damage. That’s because home insurance doesn’t pay for damage that results from wear and tear or lack of proper maintenance. In those cases, you’d have to pay for the repair and the leak cleanup out of pocket.
It depends on the situation. If your pool liner is damaged because of a covered incident (again, like a fire or windstorm), your policy may pay to repair or replace the liner. However, if your pool liner rips under other circumstances, such as neglect or wear and tear, the repair isn’t covered.
It depends on where you live. For example, in Florida, you can protect your pool’s hurricane enclosure with an endorsement to your policy. The enclosure usually isn’t covered by the portion of your policy that protects your pool.
Kin offers this endorsement for Florida homeowners, but be aware that it pays to repair or replace the frame of the enclosure – not the screening material.
Because a pool is both an additional investment and an additional risk, it does raise the cost of your homeowners insurance premium.
If your insurer classifies your pool as an external structure, the default is to cover it (and the rest of your other structures) for up to 10 percent of your dwelling insurance. So if, for example, your dwelling coverage limits are $250,000, you would have up to $25,000 in protection for your pool.
Need more guidance? Give us a call! We’re happy to help you protect your pool.
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