Our Thoughts

Homeowners Insurance & Swimming Pools: What You Need to Know For Summer

Homeowners insurance is necessary if you own a home. The policy protects the physical structure of your house, as well as the personal belongings inside. If you own a home with a pool however, you may need to adjust your coverage.  In the insurance industry a pool is commonly referred to as an “attractive nuisance,” which is anything on your property that could be considered a danger and attractive to kids. Making sure that you are fully covered when owning a home with a pool is essential. With summer in full swing, what do you need to know about homeowners insurance and swimming pools?

What Damage is Covered?

Homeowners insurance will cover damage to the structure of the pool from certain events such as fire, thunderstorms, hail, or vandalism – similar to what you house would be protected against. But, as there are a few things they typically don’t cover:

  • Earthquakes
  • Water damage
  • Regular neglect or disrepair

How much the insurance company will pay out depends on your policy. When signing up for homeowners insurance, it’s important to include the “build cost” of your entire property. This is the amount it would cost to rebuild your home and the surrounding property, including the pool. The cost of a pool will drive up the build cost of your home, meaning your monthly premium will likely be higher.

In-Ground vs. Above-Ground

The type of pool you have makes a difference when it comes to insuring it. Some insurance companies will consider an above-ground pool as a piece of personal property and not a part of the build cost of your home. It will be covered in the same way as your personal belonging would be.

In-ground pools are typically more expensive and require a more involved construction process. They will be listed specifically as a pool on your policy. Both in-ground and above-ground pools will be covered under a homeowner’s policy, but they will be classified under different parts.

Medical Coverage for Injuries or Drowning

Since a pool is considered a type of hazard or danger, there will be a personal liability section on your homeowner’s insurance policy. It usually covers up to a certain amount of legal fees if a guest is injured at your pool in addition to a separate amount of personal liability depending on your policy. You can also take out extra insurance coverage in the form of umbrella insurance. This is additional liability insurance connected to your homeowners insurance.

Pool-Related Safety Precautions

According to the CDC, children ages 1-4 have the highest unintentional drowning rates.1

The risk of children falling in and drowning is the primary reason why almost all insurance companies require that you have a fence around your pool area. There are also local and state laws in your town that will also have regulations surrounding pool ownership. The fence might have to be a certain type, a specific height, or there may be other building codes you need to follow in regards to your swimming pool.

It’s also a good safety measure to install lights around the pool area, make sure that the surface around it is non-slip, and keep a first-aid kit nearby. In addition to being easy ways to make your pool safer, incorporating these safety measures may make you eligible for a discount from your insurance company.

Many homeowners enjoy the perks of having a pool, from hosting family barbecues to taking a quick dip on a hot afternoon. Whether you’re purchasing a new home or looking to reevaluate your coverage, keep this information in mind when it comes to your homeowners insurance and pools.



This content is developed from sources believed to be providing accurate information, and provided by Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.