Swimming pools can provide an endless source of entertainment for your family, and in some cases, increase your property value, too. However, these structures come with some risks that may not necessarily be covered by a standard home insurance policy. As such, no homeowner should install a pool without updating their policy to maintain adequate coverage. If you’re thinking of making this upgrade, here are a few details to know about revaluating your policy.   

Why Should My Pool Be Insured?

Swimming pools are treated as additional features by insurance companies, and therefore, are not covered in standard homeowner policies. If you don’t upgrade your home insurance, you won’t have the right protection to cover property damage associated with the pool, as well as the costs of medical and legal fees that may result from pool-related injuries.

What Type of Insurance Should I Get?

Different types of pools required different types of home insurance. In-ground pools, for example, should be covered by adding “other structures” protection to your policy. Above-ground pools, on the other hand, are typically covered under separate “personal property” limits on a policy.

If you want to increase or enhance this coverage, you might also consider adding liability insurance to your policy or opting for a full umbrella policy. Talk to your agent about when these options might be ideal for your situation.

What Conditions Apply?  

Even if you have appropriate home insurance to cover pool-related incidents, you may not receive benefits if you do not follow certain conditions that are established by the policy.

For instance, most providers require homeowners to install security fences around the pool. These fences help reduce the risk of curious children sneaking into the water and injuring themselves. Other common conditions include those designed to reduce property damage risks—such as by draining the pool in the winter or placing a cover over the surface when it’s not in use.

When you want to make sure your new swimming pool is covered under your home insurance policy, turn to the caring team at Alcorn Insurance Agency, Inc. This experienced independent agency in Chama, NM, will introduce you to many options from different carriers throughout the nation. With their wide range of options, you can adequately mitigate your specific swimming pool risks, as well as find protection that fits your budget. To learn how these professionals can upgrade your home insurance, as well as many other types of coverage, visit this agency online. For a custom quote, call (575) 756-1102.