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With a pool on your property, your home will become like a getaway in the comfort of your backyard. However, your standard homeowners insurance policy might not offer enough coverage for this installation. Here’s more information about how to safeguard your property’s newest feature.

Will Your Homeowners Insurance Policy Protect Your Pool?

A standard homeowners insurance policy will cover repair costs for any parts of your property that are affected by a specific list of “perils.” Therefore, pool repairs would be covered if the home was damaged by a fire, a falling tree, or other allowed perils.

If you have an in-ground or a permanent above-ground pool, these are usually classified as the “other structures” that are covered under a standard homeowners insurance policy. Temporary above-ground pools may also be covered, but under the “personal property” section of the policy.

What Other Coverage Should You Consider?

homeowners insuranceIf you have other accessories around the pool, such as a slide or a diving board, you may need to increase your coverage limits, as these will be more expensive to replace and could increase the risk of injuries. 

When it comes to liability coverage—the part of the policy that covers medical bills and other damages for people injured on your property—your standard homeowners insurance policy might not be enough. Most of these policies offer $100,000 to cover damages in a personal injury suit, such as hospital expenses, legal fees for the plaintiff, and compensation for their mental suffering. However, since the costs often exceed that amount, you might want to purchase a rider that increases the base liability coverage up to $500,000.  

 

If you want to update your homeowners insurance, contact Fritch Insurance in Beatrice, NE. This agency has been helping families throughout southeast Nebraska and northeast Kansas for over 20 years. Owner Lillian Fritch is a longtime community figure and Chamber of Commerce member. To learn more about this independent insurance company, visit the website, or call (402) 223-3312 for a quote.

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