Swimming pools sound like loads of fun, but they can be a bit of a headache too. Homeowners have a responsibility to take out adequate insurance to keep them protected in case of the unexpected. If a homeowner fails to do so, he or she may be in serious financial trouble in the event of a pool-related accident.
The biggest risk to homeowners involving pools is the possibility of drowning. No matter what the details are surrounding an accident in the pool, homeowners are considered responsible for the safety of anyone at the home. Accidents are not limited to drowning either since you could be found liable if anyone falls and gets hurt poolside. The liability protection under your home insurance may cover any medical and legal costs associated with a claim against you.
Pools also increase the risk of property damage. Flood damage may occur if water is released onto the property. The pool itself could also sustain damage from events like felled trees. A home insurance policy may reimburse you for the cost to remove the tree and make any repairs to the pool. This coverage may extend to any pool accessories such as filters and pumps. However, some events such as ground movement damage may be excluded from coverage.
Coverage Tips for Pools
A homeowner must get in touch with an insurance company if building a new pool. Rates may be adjusted to provide the right level of additional coverage. You may want to increase liability maximum limits and take out an umbrella policy to cover any out of pocket expenses. Taking protective measures like fencing in the pool can reduce premiums.
The agents at State Insurance Solutions are available to field your questions about home insurance coverage. Contact them today to go over quotes for properties in Arlington, TX and surrounding areas.