Insurance rates, upon which premiums are based, depend not only upon the amount of coverage (the "coverage limits") but more, the nature of the risk. Homeowners insurers therefore will consider the presence of a pool in the risk calculation. Further, from the standpoint of physical damage coverage, you will want to include damage to the pool from an adverse event, so you may choose to increase the dollar amount of coverage. Those two factors may, and probably will, lead to an increase in premium.
Here are some other answers:Just contact your insurance agent and ask if you have coverage for your pool structure.
If your pool is a covered structure then you shoud have coverage for accidental damages by the perils specified. Typical perils include fire, wind, hail, falling objects, etc. Some policies may also extend coverage for damage resulting from ground movement.
Bear in mind that normal wear and tear, expected maintenance and repair, is not a covered peril under your home insurance policy. So it may depend on what caused the pool leak.
It usually does not increase the rates of a homeowners policy but it does increase the requirements on your part. For instance, you will be required to have a fence of at least 4 feet high completely surrounding the poll and a lockable gate that is childproof (meaning you have to reach over the gate to unlock the gate).
If the pool is an insured structure on your home insurance policy then it would be covered in the event of damage by a specified peril.
Maintenance and repair of pool equipment and supplies would not be covered.
Usually an insurance company will not raise a price for a swimming pool but they will require a fence and lockable gate to keep children out. Also diving boards are a big issue right now andmost companies do not want to insure a home with a diving board on a pool.
It really just depends on your insurance policy and the nature of the damage.
Check you homeowners insurance policy declarations page for the term "Other Structures" or "Additional Structures".
A pool is usually considered an additional structure. If the damage was caused by a covered peril under your policy you may have coverage for repairs.
yes. make sure you mention this to your agent and it's noted in your coverage
all state are different but in MO the only thing that was recommended to us was to increase the liability portion.......for obvious reasons
Depends on the company & cause of loss.
There is no "swimming pool" insurance. There are however riders available from some insurance companies that can be added to your homeowner's policy.
Just plain evaporation.
Local independent insurance agents are able to place "package policies" which include common area property values, common area general liability and swimming pool liability.
Depending on the insurance company, you may be able to acquire "Collapse of Above-Ground Pool" endorsement. Which covers exactly what it says, the collapse of the above ground pool Check with your agent. The coverage is not cheap either. Here in Chicagoland, about 250 / year SJ I think ours is simply a rider policy. Ours is included in the hurricane coverage!
wear and tear, deterioration is not covered
It depends on the insurance policy you bought. You should contact your insurance agent and ask if you have coverage for additional structures and if your Pool is scheduled as an additional structure.
Its best for you to check with your insurance agent, the insurance agent will have a better understanding of what your policy covers. In todays world too many insurance companys just want to take your money and not hear of any claims, and then if they do pay out then they drop you.
My pool just collapsed from that yesterday and I put in a claim this morning. Fingers crossed! I hope it does
Insurance requirements are set by the individual state. Your best bet is to contact the agent who handles your homeowner's coverage. The agent can explain exactly what is required as well as what is recommended for the best protection.
Just contact your insurance agent and ask if you have coverage for your pool structure. If your pool is a covered structure then you shoud have coverage for accidental damages by the perils specified. Typical perils include fire, wind, hail, falling objects, etc. Some policies may also extend coverage for damage resulting from ground movement. Bear in mind that normal wear and tear, expected maintenance and repair, is not a covered peril under your home insurance policy. So it may depend on what caused the pool leak.
The swimming pool contractor generally performs this function. However, the law holds the homeowner responsible for making sure it is done.
A pool cover is called a POOL COVER. (KISS.. (keep it simple, stupid).