Swimming Pool Coverage 101
Installing a pool to perfect your backyard space is a great way to enjoy summer to the fullest. However, your new addition can also leave you susceptible to unique liability threats. Accidents happen, especially in and around pools. Therefore, before installing a new pool, it is important that you discuss your coverage needs to account for the new liability risks you will be faced with.
If installing a pool is on your to do list for this summer, the first thing you need to do is call your homeowners insurance agent. Due to the increased risk, you may not be able to receive coverage by the same insurer. More commonly, you will need to increase the limits of your existing policy in order to be covered.
Necessary Homeowners Insurance Updates With Pool Installation:
There are essentially two areas of your homeowners insurance policy that will need to be updated. The first and most important coverage update is the liability portion of your homeowners insurance policy. If anyone becomes injured in or around your pool, you will be thankful that you have enough liability coverage on deck. Also, any lawsuits that arise out of pool related injuries will be covered, ensuring you are adequately protected.
Secondly, you will want to update the property coverage portion of your homeowners insurance policy. Since your new pool may increase the value of your home, you will need to increase your property coverage limits to account for that beautiful pool and any accompanying accessories.
Contact The Misner Agency for your insurance needs. We operate in Bloomingburg, Livingston Manor, Westtown, and Woodbourne, New York. We can help you obtain a homeowners insurance policy that includes pool insurance coverage so that you can enjoy your summer fun in the sun without a worry in the world.