How Swimming Pools Impact Home Insurance Rates

Adding a swimming pool to your property can enhance your lifestyle and increase your home’s value, but it also brings additional responsibilities and potential risks. This makes having homeowners insurance particularly important for pool owners. This policy may offer essential financial protection for liability and property damage related to pool-related incidents.

Does Homeowners Insurance Cover Swimming Pools?

Most standard homeowners insurance policies may cover swimming pools, but details may vary. Typically, pool coverage falls under either the “other structures” or “personal property” section of the policy, which may provide financial aid following damage caused by events such as windstorms or vandalism. Homeowners insurance also often includes liability protection, which may cover medical costs and legal fees if someone is injured while using the pool. Review your policy to understand what’s covered and discuss any limitations or exclusions with your insurance provider.

How Do Swimming Pools Impact My Home Insurance Rates?

Owning a swimming pool can raise your insurance premiums due to the increased liability risk. Pools are considered an “attractive nuisance,” meaning they can attract unsupervised guests or children who might be at risk of injury. Consequently, insurers view pools as a higher liability risk, often resulting in higher premiums. The type of pool, such as above-ground versus in-ground, may also influence costs and any additional safety measures like fencing or covers.

What Stipulations Do Insurers Have for Pool Owners?

Many insurers require specific safety measures for pool owners, such as installing a fence with a locking gate or having a pool cover to minimize risk. These stipulations are designed to reduce accidents, benefiting you and your insurance provider. Failing to comply with these requirements could limit your coverage or result in denied claims if an incident occurs.

Start Your Insurance Plan

For more information on homeowners insurance and coverage options for pool owners, contact Reinholdt & O’Harra Insurance today. We’re happy to help you find the right policy for your property.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.