Does Your Insurance Cover Pool Accidents and Damages?
A pool is a great addition to a home in terms of potentially increasing property value and personal recreation. It is also a significant investment. Building and installing the pool is the least of the investment. It is the long-term maintenance that will impact the real cost, which demands responsibility. Your pool is on your property, which makes you liable for the safety of others when they are in it. Of course, measures can be taken to promote security, but in the event of a tragedy, you are more than likely responsible for the irresponsible actions of others. You may post disclaimers to warn swimmers that they are left to their own devices (should they decide to get in the pool), but you may be held responsible for related injuries or accidents. Several measures must be taken to protect you from possible abuses of your pool—and proper home owner’s insurance is certainly included.
Consider what it means to install a pool or purchase a property that has a pool before you commit to it. Check the local regulations for owning a pool, as it is the law and may likely affect your coverage. You may be required to construct a fence, install a lock or alarm, use a particular kind of pool cover, or whatever a particular municipality requires. Unintentional injury is the number one cause of death for people who are 1 to 44 years of age. This includes accidental drowning. You need to make sure that you know what you are getting into before you reach the point of no return.
How Does Insurance Fit into the Picture?
Basically, your home insurance policy will likely cover your increased liability. Your policy is much more likely to cover personal injury for others than damage to property—especially if the pool is in-ground. The damage that home insurance policies usually cover does not include the type of damage that a pool may sustain. For example, storm and fire damage are covered, but not cracking caused by the movement of the ground. You may have to increase your coverage.
Your policy may have stipulations for coverage, including but not limited to the guidelines set forth by the local government. This may include fence height or type. Even the type of pool may affect the type of coverage you need and determine the extent of your liability. Pool accessories, like slides and boards, are commonly considered to be risk factors. You certainly do not want to put yourself in the position of not being covered at all.
Pool accessories are probably included in your home insurance policy. Your coverage will probably secure treatment for the injured, including ambulance, hospital, and follow-up treatment. Legal representation may also be included in this.
Insurance coverage varies from state to state and provider to provider. Your existing insurance provider may not even be able to continue to cover you once the pool is installed or once the house with the pool is purchased. The insurance training professionals at learninsurance.com can explore your particular situation and help you to maximize the security pertaining to your pool.