4 Home Insurance Tips To Remember Before Installing A Swimming Pool

Posted on: 16 June 2018

If you are thinking about installing a swimming pool, you could be thinking about the maintenance of the pool and about the fun that you and your family will have with it. One thing that you might not have thought about, however, is your home insurance. However, you should know that your home insurance can be affected by a swimming pool. These are a few things to keep in mind in order to help with this.

1. Let Your Insurance Company Know

First of all, it's a good idea to let your insurance company know about the pool that you are planning on installing on your property. Your insurance company may require that you notify them of this, so this is not something that you will want to put off doing. Otherwise, if something happens, the insurance company might not cover your claim. 

2. Increase Your Liability Coverage

Next, make sure that you increase your liability coverage. After all, no matter how careful you and your family might be with your swimming pool, there is always the chance that someone could be hurt.

If you don't have adequate liability coverage as a part of your insurance policy, then you could be on the hook to pay for any accidents out of pocket yourself. Consider talking to your insurance agent about how much liability coverage you should have to help ensure that you are covered properly.

3. Take Steps for Improved Safety

It's important to take a few steps for improved safety with your new swimming pool, both for general safety purposes and for help with your insurance company. For example, putting in a fence, hanging up the proper warning signs and taking other safety precautions can help you prevent anyone from getting hurt. Plus, if you tell your insurance company about these things, you may qualify for a discount.

4. Consider Shopping for a Quote

You can often expect for your homeowners insurance premiums to go up when you install a swimming pool on your property. However, if the rates seem too high, consider shopping around for a quote. Then, you might find an insurance company that will offer the same level of coverage, even with the swimming pool on your property, for a reduced rate.

As you can see, there are a few tips that you will probably want to keep in mind when it comes to your home insurance and your new swimming pool. Then, you can help avoid problems with your insurance company and can ensure that you have adequate coverage at a reasonable cost.