A swimming pool is ideal for recreation, relaxation, and exercise, and it can be the centerpiece of family fun or any summer gathering. Because a pool typically increases the value of a property and the liability of the owner, home insurance is crucial to protecting your investment. To shed more light on this subject, below are some vital home insurance considerations to keep in mind when installing a swimming pool.

3 Items to Consider When Installing a Pool

1. Type of Pool

The type of pool you install will affect the extent of coverage provided by your home insurance policy. Different insurers assign different levels of risk to pools, based mostly on the type you choose to purchase. Some insurers view above-ground varieties as personal property since they can be disassembled and moved from the premises. Personal property coverage usually constitutes half or more of your overall homeowner liability coverage.

In-ground pools are viewed by some insurers to be part of the home itself, as fixed to the property as the roof or foundation of the house. In other cases, they may be seen as an additional structure on the property in the same way that a shed would be. Protection for other structures usually only constitutes about 10% of your overall coverage. Ultimately, you need to check with your insurer and see how they classify the pool to understand what degree of protection they offer.

2. Attractive Nuisances

In the eyes of the law, a pool is thought to be an attractive nuisance, which means that it is an appealing feature that is potentially dangerous. For this reason, many pool owners want to increase their liability protection. An umbrella insurance policy is the easiest way to do this, as you can choose different coverage amounts in addition to what is offered by your standard home insurance.

3. Decreasing Liability

The best way to decrease liability with a pool is to be proactive about safety precautions. Install a child-proof fence around the entire perimeter. You can also put in lights throughout the area that will better illuminate the pool and surrounding features. Be sure to utilize a safety cover when the pool is not in use, and keep first aid supplies, lifesavers, pool safety rules, and emergency contact numbers readily accessible. You should never leave children unsupervised around the pool. These steps might also result in savings on your insurance premiums if you can prove to an agent that you follow all of these precautions.

When you need home insurance that safeguards your new pool and the people who use it, trust Texas County Mutual Insurance. For over a century, they have been serving the Texas County, MO, region by providing high-quality insurance at affordable rates. Their licensed professionals can evaluate your needs and create a policy bundle that will give you peace of mind at all times. They offer home, mobile home, and farm insurance solutions. Call (573) 674-3125 or visit their website today to request an insurance quote.