Is Your Policy Pool-Ready

Hello, everyone! With the radiant sun inviting us outdoors and summer knocking at our doors, it's time for backyard barbeques and refreshing dips in the pool. If you're a swimming pool owner, it's an apt moment to verify that your swimming pool is adequately covered on your homeowners insurance. You certainly don't want to realize too late that you're not fully protected.

The Significance of Pool Coverage in Homeowners Insurance:

A swimming pool, while being a source of joy and recreation, can also be a potential liability. Therefore, ensuring it's properly covered under your homeowner's policy is crucial to protect against any possible financial burdens that might arise due to damages or accidents.

1. Physical Damage:

If damage occurs to the structure of your pool, homeowners insurance typically helps cover the cost of repairs. However, it's vital to ensure that the replacement cost within your insurance policy is up-to-date, considering the escalating costs of pool repairs or replacement.

2. Liability Protection:

The liability coverage in your homeowner’s policy helps protect you if a guest gets injured in or around the pool. It might help with anything from medical bills to legal expenses if you're sued, up to your policy's liability limit.

Umbrella Coverage – An Extra Layer of Protection:

While your homeowner's policy covers swimming pool-related risks to a certain extent, securing an umbrella policy can add a greater level of protection. Umbrella insurance is a form of liability insurance that supplements your basic liability policies, like your homeowner's and auto policies. It provides a higher level of coverage, which kicks in when the liability on other current policies has been exhausted.

The presence of a swimming pool recasts the landscape of your homeowner’s insurance needs. While your existing policy might cover some pool-related incidents, restrictions and limits apply. To fully protect yourself and your investment, you'll want to consider an umbrella policy that offers additional liability protection.

So, as you prepare to dive into those sparkling waters, let us assist you in ensuring that your coverage leaves no room for regret. If you have any questions or concerns or are interested in discussing an umbrella policy, give us a call.