In lieu of expensive vacations these days, many Americus, GA residents opt to keep things closer to home and add a pool to their backyards. However, this could have a pretty significant impact on your homeowner’s insurance. Here’s what you need to know about how owning a pool affects your home insurance coverage.
Increased Liability Risk
In most cases, a home swimming pool is referred to in the industry as a pleasant nuisance. What that means is that it is highly attractive to trouble, such as small children who might be unattended or neighborhood animals. In turn, that raises the chances of a serious incident from happening.
A simple $100,000 of liability coverage on your home might not be enough if you own a pool. Accidents can happen at any time, so it is always a good idea to talk to your Client First Insurance Solutions insurance agent and determine how much more coverage you need on your policy to help protect your financial wellbeing.
Possible Damage to Equipment
Pools are expensive to maintain, and pumps, hoses, and other items certainly aren’t cheap. To ensure your homeowner’s policy covers these items after a catastrophic event, you’re going to want to make sure you’ve discussed the process with your insurance agent.
Further, some carriers consider pools (especially in-ground ones) as a separate structure of your home. If you never mention your new addition to your home to your agent, there’s a good chance it would not be covered in the event of a serious claim.
Beware of Local Municipality Guidelines
Where you live often matters when it comes to swimming pools and homeowner’s insurance. If you’re required to have a fence for your in-ground or above ground pool, you’ll likely be required to have one to meet underwriting guidelines, too.
Ready to discuss your Americus, GA homeowner’s insurance policy? Please contact our Client First Insurance Solutions team today to schedule an appointment.