Installing a swimming pool is a great way to equip your home with a source of summer fun and entertainment. But while there’s a lot of value that comes with this recreational amenity, it can also present a few unique risks. In many cases, your standard homeowner’s insurance policy won’t be designed to cover these potential pool-related accidents. That’s why, if you’re planning on installing a pool, you should review your coverage and make any necessary updates. In order to protect your investment, below are a few points every homeowner should know about pools and insurance.

Why Do Pools Need Additional Insurance Coverage?

Insurance providers don’t consider swimming pools to be one of the main structures covered by a standard homeowner’s policy. If you don’t cover the new property, you won’t be able to file a claim if the pool is damaged.

You may also need to increase your liability or umbrella coverage, as these features can present a variety of risks, such as drowning and slip-and-fall accidents. If a guest is injured by the pool, they could sue you for damages. However, if you have the appropriate coverage, your insurance provider can help cover any legal and medical fees associated with these accidents.

What Kind of Coverage Will I Need?

The type of insurance you need to cover your investment will depend on the type of swimming pool you have installed.

If you have an above-ground pool installed, you will likely only need to increase your policy’s “personal property” coverage limits. But if you have an in-ground swimming pool installed, you will need to expand your “other structures” coverage limits.

Are There Any Stipulations?

Many different insurance companies have specific requirements to insure a swimming pool on a homeowner’s insurance policy. To make sure all potential accident claims are valid, you will need to install an approved fence around the structure to deter children from sneaking into the area when they aren’t being supervised. Some carriers may also require you to fully empty and cover the pool in the winter as a way to reduce the risk of property damage claims.

When you want to enjoy all the benefits of a swimming pool without having to pay excessive policy premium increases, consider getting coverage through A Better Choice Insurance Agency in Concord, NC. Serving customers in Cabarrus County, this independent agency offers a wide range of exceptional coverage options from top-rated homeowner’s insurance carriers. Whether you have a swimming pool or another unique feature, this team will review your property to make sure you have the coverage you can count on. To learn more about their expansive line of products, visit this agency online. For a free estimate, call (704) 782-2073.