Why Owning a Pool Affects Home Insurance

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.

Top Questions to ask when looking for a home insurance policy

As a homeowner in the Americus, GA area, you know how important it is to protect your home with a homeowners’ insurance policy. We at Client First Insurance Solutions are here to help guide you on the crucial questions you should ask before purchasing a home insurance policy. 

How is my house valued if it needs to be replaced?

The policy can provide coverage for actual value or replacement cost. The actual cost is the price of the home minus any depreciation. Replacement cost will pay to replace the house regardless of the current market value. 

What is my insurance company AM Best Rating?

It is vital to pick an insurance carrier with a strong AM Best rating. A strong rating indicates the insurer is financially stable, and there is a better likelihood that the company will be around to pay the claim out in the event of a loss. 

Is my jewelry covered?

A homeowners’ policy typically has a limited amount of coverage for jewelry. If you have a collection that is worth a large sum of money, you will want to take out additional coverage for the jewelry. 

Do I need to buy a separate flood policy? 

Many people make the incorrect assumption that floods are a covered peril under a homeowner’s policy. Most carriers do not automatically provide flood coverage, so it is essential to find out if you need a separate policy. 

What is the process of filing a claim?

In the event you have to file a claim under your policy, it is critical to know the process ahead of time. If you are a person who likes to manage matters online, you will want to make sure the company has an online claims process. Alternatively, if you wish to speak to a person, you may want to make sure the company has a 24-hour phone number to call.

If you have additional questions about homeowners’ insurance, reach out to Client First Insurance Solutions today. We proudly serve the Americus, GA area.