What Are The Insurance Ramifications of Swimming Pool Ownership?
06 Aug What Are The Insurance Ramifications of Swimming Pool Ownership?
INSURANCE QUESTIONS WITH POOL OWNERSHIP
It’s easy to get caught up in the excitement of swimming pool ownership. Once the project is complete, the furniture is set, and the kids are splashing around the pool, the first thing that typically comes to mind is setting a date for the big pool opening party. What most inground swimming pool owners should be thinking about, according to this post by swimmingpool.com, is how much will the homeowner’s insurance increase? This is a frequently overlooked issue, and needs to be addressed by every homeowner with a brand new swimming pool.
Here is an excerpt from the post:
Your first instinct while your pool is under construction is to plan that first pool party, right? WRONG! While you might get caught up in all the excitement of your new pool, you should also remember to overlook the more serious matters – making sure that you have the correct and adequate insurance coverage for your new pool in your homeowner’s policy.
We get many questions here at SwimmingPool.com, and in addition to “How much does a new pool cost or cost to maintain,” another is, “how much will my insurance increase?” As with any new addition to your lifestyle such as a boat or RV, your pool will also make your cost of coverage increase slightly. Obviously, there is no exact answer, and the best way to get an accurate quote is to contact your insurance provider with the details of the pool you are building, or are planning to build.
Types of Insurance
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