6 Clarifications On Pool Risks & Insurance

Having a pool makes for a ton of fun summer fun! However, some pool owners aren’t informed on the risks and types insurance coverage that comes with owning a pool.

Considering the risks and impact a pool has on your homeowner insurance, we’ve outlined ways to avoid risk and ensure you have the proper insurance coverage in place.

1 | Informing your Insurance Broker

It’s important if you have a pool or considering putting one in your backyard that you take the time to understand the different insurance policies and risks. How can you do this? By speaking with your Insurance Broker.

2 | A pool will change your insurance

Adding a pool to your home will change the type of insurance you have - in particular your liability coverage will need to be adjusted, as well as the value of your home. It’s imperative you inform your Insurance Broker right away as they will adjust your policy according to the proper coverage needed.

3 | Consider increasing your liability coverage

Another thing to consider when you are installing a pool is increasing your liability coverage, to protect from any potential claims.

4 | Avoiding risk - having proper security measures in place

Everyone knows the number one risk that comes with owning a pool is that someone could get injured or worse drown. A way to diminish this risk is to have the proper security measures installed around your pool to ensure no one can get into the pool when it’s unmonitored.

If an accident were to occur, it could be possible you will be considered at fault. This is where having the proper insurance coverage for your home is very important.

5 | Communicate and post pool safety rules

When it comes to anyone using your pool make sure you have accurately communicated safety rules. Everyone who uses your pool be it family members, friends or guests must be informed of the rules. Having the rules posted in the pool area can also help.

6 | Never forget...

At the end of the day, you are responsible for what happens on your property.

A pool could mean lots of fun summer memories, make sure your Insurance Broker knows you have a pool on your property and get the right protection needed this summer.

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