The sun is shining and you’re out on the deck enjoying the rays. Before you cannonball into the pool you have hopefully asked the question, “Is my swimming pool covered in my home insurance?”
While pools are fun and can be a saviour on a hot summer day, they come with some inherent risks. Your basic home insurance policy should include liability insurance, but that coverage may not be enough if something critical happens in your pool. If your guest is injured or accidentally drowns in your pool, you could be sued and potentially found liable. You’ll want decent liability protection for the worst-case scenario, and your basic home insurance coverage likely won’t be enough. A small increase in your monthly or annual insurance fees could provide you extra peace of mind while you’re enjoying a summer by the pool.
If you’re thinking about installing or have recently installed a pool, even an above ground one, you’ll want to contact your insurance broker. They can tailor a policy that is rated to include the risks of having a pool as well as the potential added value to your home. To get coverage, your provider may require that you maintain certain safety standards on your property. For example, you may need to install a fence that has a lock and is a certain height. Also, your insurance provider may refuse to cover injuries caused by diving boards and slides, so be sure to do your homework before installing those fun, but dangerous, extras.
If you have a pool, are installing a pool, or are thinking about installing a pool, make sure you talk to your insurance provider to understand what kind of policy you need to protect yourself and your property. Having the proper protection for your pool will make your summers all the better.
Contact us today with any questions you may have about your home insurance.