The Importance of Adding Your Pool To Your Home Insurance

Having a pool at your house can make your family very happy. In fact, you can get endless hours of entertainment, relaxation, and partying out of a home pool. It is the perfect place to relax, party with friends, host the neighborhood kids, or read a book in peace and quiet. However, a pool is a very large and expensive piece of home equipment. It needs to be added to your home insurance for a few reasons.

First, your pool is very big and very expensive. There is a chance that the pool is not covered on your home insurance. This is especially true if you added the pool after you bought the house. This means that the insurance company probably has no idea that it is even on the property. If something were to happen, how in the world would they cover it. They might end up denying claims on the pool.

If the pool was there when you bought the home, did you make sure to ask if the pool was covered under the policy? If not, you need to ask as soon as possible. Since the pool is not attached to the house, it is possible that it might need separate coverage or a rider to include it on the policy.

When you need a rider for the policy, you have to contact your insurance agent or the provider to ask about coverage that is specific to the pool. This means that you adding a specific replacement value for the pool to your policy.

The same might need to be done if you feel as though the total replacement value for items in your home will not cover everything in your house and the pool as well. If you only get so much money to replace all the belongings in your home, taking out thousands of dollars to replace the pool could cause a nightmare when you are rebuilding.

Moreover, the pool is a safety hazard in some ways because it is wet, the ground around it is wet, and slippery. You want to make sure that you as the homeowner are covered against any kind of medical claims that could possibly be made if someone were to be injured on your property.

When considering all the factors, you have to contact your insurance company to add your pool to your policy, get a rider for the pool, or make sure that you have enough replacement value built into your policy to pay for the pool. A home pool is too big of an investment for you to have it go uninsured or underinsured. The wise homeowner will check on the coverage for their pool to make sure they, and the pool itself, are covered.

Cole Marks has worked in the insurance industry consulting companies on the best loss control management programs for over twenty years.

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