Pools are a fantastic way to unwind and soak up the sun, offering endless hours of enjoyment for the whole family. However, it’s important to note that pools can influence your home insurance. Here are a few considerations before you start installing a pool.
Higher Premiums
Many insurance companies in Las Vegas, NV, view a pool as a structure that may need to be replaced in the event of damage. These companies will take into account the total replacement cost of the pool when deciding how much to raise your insurance. For instance, a large in-ground pool will be more expensive to replace than a smaller above-ground pool.
Increased Liability Coverage
Most home insurance companies suggest increasing your liability coverage once you install a pool. This is also recommended if you acquire a trampoline or any other item that could potentially cause injuries. You could be sued for injuries occurring in your pool, and your home insurance liability coverage can assist in paying for damages, including bodily injury. However, they suggest more coverage as medical bills and lawsuits may surpass your current liability coverage.
It’s always advisable to consult with a professional agent at an insurance company like Amerisent Insurance to determine whether you need more liability coverage before installing a pool.
Safety Measures
Many insurance companies require safety measures to decrease your liability risk. Homeowners who don’t have specific safety measures risk losing insurance coverage. Many companies require a fence around the pool and a locking gate as they’re considered attractive nuisances. This means you could be held liable if a child gets hurt, even if the child trespasses on your property, because the open pool attracts them.
Agents at Amerisent Insurance can assist you in understanding how pool installation will affect your home insurance. Contact us today to learn more. We’re currently serving the Las Vegas, NV, area.
