If you are considering installing a pool on your property or buying a home with an existing in-ground swimming pool, you may wonder if home insurance covers the pool. In fact, many insurers do include pool coverage with their home insurance policies. However, you should be aware of how a pool might affect your coverage. Below, learn how having certain pools may impact your coverage.

What You Should Know About Swimming Pools & Home Insurance

In-ground Pools

In-ground pools are covered under your home insurance dwelling coverage. This pays for damages to your house and other structures, including sheds, fences, and your pool. If a heavy branch should fall and damage the pool or its accessories, you will be covered. However, this insurance does not cover damage caused by earth movement, so you're not covered if the ground should shift and crack the pool. You will need additional earthquake damage to cover this. 

Above-Ground Pools

Above-ground pools are normally covered as personal property. This covers damages to furniture, appliances, firearms, electronics, and pools you can disassemble and take with you if you move. Note that personal property damages are normally limited to only a percentage of your total home insurance coverage. Ask your agent how much you could expect to recover if your pool was damaged beyond repair. You might need to raise the limit if you have an expensive above-ground pool.

Custom Pools

Any type of pool you have will likely affect your insurance liability coverage. Swimming pools, especially ones with additional features like slides and waterfalls, are an "attractive nuisance.” This means that they tend to attract kids from the neighborhood. These visitors might try to use the pool unsupervised when you and your family are not at home. This creates a significant liability risk for you and your insurer, so your rates may increase. Moreover, to acquire coverage, you may have to install safety measures like a pool fence, safety cover, or a pool alarm. 

To have a knowledgeable agent assist you in choosing the right home insurance policy to protect yourself and your pool, contact State Farm® Agent Bruce Richardson in Mooresville, IN. Bruce and his team have served clients throughout Morgan County for more than 25 years, and have built a reputation for unbeatable service and quality insurance products. They specialize in auto, home, life, renters, and business insurance. Visit their Facebook page to find out more information or call (317) 831-3500 to request a free insurance quote.