Pool insurance is important to North American homeowners who are concerned about protecting their large investments. Because of the risk factor it is important to protect your pool and yourself from damage, injury or accidents that you can be liable for. There are two types of insurance that homeowners need to look into. First, ensure that your homeowners' insurance covers your pool and second, ensure that you have liability insurance.
Homeowners often find that their house insurance policy covers their newly installed swimming pool. Some insurance companies may make you pay extra for the pool coverage although others do not. Do contact your agent to discuss your insurance. Make sure that your insurance company knows that you have a pool because in case of damage they won't cover anything that they aren't aware of. Also, keep in mind that many companies have stipulations regarding fencing, pool alarms and other features such as diving boards. Insurance companies place these parameters on their customers to ensure you and the company is at a lower risk.
General liability policies protect against such things as injury or accidents that may occur in or around your pool. Having general liability to cover your pool is always advised.
Umbrella insurance is used to extend existing liability coverage. Umbrella policies ensure your liability coverage offers further protection against others being injured or hurt while on your property.
Customized homeowners policies are wide and varied and can be tailored to suit your lifestyle. Some important factors to consider when purchasing insurance include your risk factors, financial status and comfort level.
If you are considering allowing your residential pool to be used for swimming lessons, then you will need to get in touch with your insurance agent to discuss coverage options. This has additional risk that places even more liability on a homeowner. Discuss this with an insurance professional.
Whether seeking a new policy or additional coverage for your pool, do ensure that the coverage you get is enough to effectively protect you. What may seem like an adequate amount of coverage may in fact be insufficient depending on the precedence of legal cases.
To find out the rates, coverage options and regulations, it is best to call your insurance company representative for further details. You can also click above to see what on-line insurance companies are currently offering.