If you’re planning on building a swimming pool this summer, you probably have your mind set on fun and relaxation. While a pool is a valuable addition to your home, it’s also accompanied by quite a few liability issues. Additionally, your existing home insurance policy may not offer sufficient coverage. Here’s what you should know to keep your property protected. 

How Home Insurance Impacts Swimming Pools

Whether your current policy covers your pool typically depends on the type of damage that occurs. If your pool is damaged by a covered peril, such as fire, theft, or vandalism, chances are the occurrence will be covered provided it meets your insurance limits. Other types of damage probably won’t be covered, such as cracks in an in-ground pool caused by soil disruption.

There are also differences depending on what type of pool you have. Above-ground pools are covered by personal property insurance, while in-ground pools are protected by additional structures coverage. Both are components of most home insurance policies, but check with your agent to make sure. 

The Importance of Liability Coverage

Home insurance also carries liability protection, which is essential for pool owners. Pools can be dangerous, and if a visitor is injured in or around yours, you may be faced with litigation. Make sure fencing is erected around this feature of your property. Include a gate that locks. Install an intruder alarm to ward off curious children and would-be trespassers. Use a pool cover to prevent people from falling in. 

You might also consider increasing your liability protections when installing a pool. Most homeowners insurance policies provide about $100,000 in liability coverage, but this might not be sufficient in the event of a lawsuit. Implementing a personal umbrella policy is one option, which covers any gaps in your existing liability coverage. 

As a trusted State Farm Agent in Mooresville, IN, Bruce Richardson helps make sense of complex insurance issues. If you believe your existing home insurance coverage is insufficient, he’ll work with you to determine the best policies and coverage limits for your needs. He also offers many other essential insurance products for your complete protection. Take advantage of his more than 25 years of experience by calling (317) 831-3500 to schedule an appointment today. Like his page on Facebook or visit his website to learn more.