How a Personal Umbrella Policy Can Help A Home With a Swimming Pool

Author: di_admin

A personal umbrella policy might be the ideal coverage for the swimming pool you have in your backyard. Whether you enjoy basking by the pool or taking a dip, there’s no denying the appeal of a well-maintained swimming pool during a hot summer. However, as with any leisure structure, a swimming pool comes with its own risks, from minor slips and falls to more severe incidents like drowning or diving injuries.

To protect yourself, your family, and your visitors from these risks, it’s essential to have appropriate protection in place in the form of a comprehensive Homeowners Insurance Policy

Typically, your Homeowners Insurance will cover the costs of repairing your pool if the damage comes from one of the risks specified in your policy. Typically, the specifications will include fire or falling objects. For instance, if a large tree falls on your pool and causes tile damage, your insurance will likely cover the repair costs up to the limit stated in your policy.

Facts About Your Personal Umbrella Policy

In addition to a Homeowners Insurance Policy, an Umbrella Policy is worth considering. It provides extra liability coverage beyond what’s included in your Homeowners Insurance Policy, ensuring added protection in case of a severe accident or a very costly lawsuit. 

Do All Insurers Cover Swimming Pools? 

While home insurance policies may provide coverage for swimming pools, not all insurance companies cover them. Some insurance companies may consider swimming pools a high-risk feature and either exclude coverage altogether or require additional safety measures to be in place.

For example, some insurance companies may require homeowners to install a pool fence or a pool cover to provide coverage for a swimming pool. At the same time, others may need homeowners to take specific safety precautions, such as having a lifeguard on duty or providing CPR training for pool users.

Aside from that, certain insurers may also reject coverage for pools with slides or diving boards. But if they do provide coverage, they may ask the homeowner to sign an exclusion that explicitly excludes any injuries or damages related to these pool accessories from coverage.

How a Personal Umbrella Policy Provides Extra Insurance

If you are a pool owner, consider purchasing a personal umbrella policy for extra protection against liability risks that exceed the ordinary.

The Umbrella Policy offers an average of $1 million in liability coverage. However, it only activates when you have already exhausted your primary insurance policies. 

What is the Difference in Coverage?

The extent of coverage for your pool largely depends on its type. Usually, your Homeowners Policy covers most in-ground pools and permanently installed above-ground pools. Conversely, personal property coverage usually covers portable above-ground pools that a person could move. 

If you need more clarification about the extent of the coverage you need, feel free to reach out to your insurance agent for guidance. They will help you determine the value of your pool and suggest whether increasing your coverage limits is a wise decision. 

About Daniels Insurance, Inc.

At Daniels Insurance, Inc., we have a unique understanding of the risks that businesses like yours face on a regular basis. With the backing of our comprehensive coverages and our dedication to customer service and quick claims resolution, your business will be fully protected. For more information, contact us today at (855) 565-7616.