What Kind of Insurance Do I Need If I’m Going to Install a Pool?

If you plan to purchase a pool, it’s a good idea to know what kind of insurance you’ll need.

From Kiddy pools to extravagant in-ground aquatic wonderlands, all pose threats to lives and property and must be insured to ensure you’re not caught off guard. According to the CDC, over 3,200 people drown each year. And among children aged 1-4, most drowned in residential areas and had been out of sight for less than 5 minutes and were in the care of both parents at the time. When it comes to your pool—no matter the size—you should know what kind of insurance you need to protect yourself and your property.

Call Your Insurance Agent

Let your insurance company know that you have a pool, since it will increase your liability risk. Pools are known as an “attractive nuisance” because they’re things that are attractive for nearly everyone and everyone wants one, but can be and are extremely dangerous. Pool owners may want to bump their average homeowners insurance liability from $100,000 to $300,000-$500,000.

Umbrella insurance policies are also an extra option that you may want to consider. It covers you for those things that aren’t covered by your homeowners insurance, and are only about $200-$300 more a year. You’ll get $1 million in liability protection—which could come in handy if a you’re dealt a major lawsuit.

If this pool is expensive, or an in-ground extravaganza, you should have enough coverage to replace it in the event it is destroyed  by a storm or some other natural disaster.

For all of your insurance coverage needs to keep your pool safe this summer, contact Stromsoe Insurance Agency. We will work with you to ensure you have the coverage that you deserve, all at the right price to fit your budget.

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