Justin Kraus, Personal Lines Manager, dives into why it’s important to have coverage for your pool.
With the weather warming up it’s time to pull the cover off your pool and get it ready for summer. A common question many of our clients have is, “Do I have coverage for my swimming pool?”
Pools are known as additional structures and this limit is usually 10% of your dwelling limit. However, it is important to note that you will only have coverage for a covered loss. For example, if a large tree falls on your pool you would have coverage up to your other structure limits. However, if your pool breaks because of wear and tear, that will not be covered. In many cases it is important to increase your other structure limit since the cost of in ground pools can range from $50k to $150k.
Another concern is your liability exposure for your pool. With thousands of pool related injuries each year it is important to practice good pool safety. If someone suffers an injury at your pool you could potentially incur medical or legal expenses that stem from the incident. Although you have primary liability coverage with your home insurance you may want to consider increase that limit or even purchasing a personal umbrella policy. Pool related injuries can be costly, and without the proper insurance you could be paying out of pocket for property or liability damages.
For more information, please contact us.