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3 Ways a Pool May Affect Your Home Insurance

Jul 10, 2015

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3 Ways a Pool May Affect Your Home Insurance
Understanding Insurance Implications Of Pool Ownership Adding a swimming pool to your backyard may seem like the most opportune idea now, but it is important to consider the risks and insurance implications of this home addition. So many homeowners do not see the danger in their desired safe haven until it is too late. There are a few factors to consider when it comes to your homeowners insurance coverage, which is why we have gathered a list of 3 ways a pool may affect your home insurance policy. Homeowners Insurance Changes With Owning A Pool:
  1. Whether you are installing a mini pool or an Olympic size swimming pool, you are increasing both your property value and risk, meaning you will need to increase your homeowners insurance coverage. This is because you are increasing your exposure to risk so your homeowners insurance coverage will need to reflect both your increased home value and new risks.
  2. Many new pool owners assume that extra safety measures are preferred, but many are actually required by law. Before installing a new swimming pool, be sure to check with both your city and insurance carrier to make sure that you are complying with all legal requirements.
  3. If you do not have much leeway with the personal contents coverage portion of your homeowners insurance policy, keep in mind that the extra pool furniture, equipment, and accessories will all contribute to your value of personal possessions.
Serving Chino Hills, Seal Beach, Los Angeles, Long Beach, and the rest of California, contact Fuller Insurance for all of your homeowners insurance needs. If installing a swimming pool is on your to do list for summer 2015, please do not hesitate to give us a call. We will help you calculate how much your home insurance policy will increase by and help you comply with all safety regulations.
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