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How a Pool Affects Your Home Insurance Manchester NH

The first thing you have to do is check your existing homeowner policy. Does it make any mention of pools or coverage for pools? It may even be listed among the exclusions on the policy, which means you definitely need additional coverage. Usually, your pool will be covered under other structures. Do you have coverage for other structures?

Blue Cross and Blue Shield of New Hampshire
(603) 695-7204
Manchester, NH
 
Belanger Roger J Ins Agcy
(603) 622-2969
904 Hanover St
Manchester, NH
 
Maloney Associates Inc
(603) 669-9700
1650 Elm St
Manchester, NH
 
Aig Life Brokerage
(603) 627-0680
1000 Elm St
Manchester, NH
 
Doherty Insurance
(603) 669-4869
25 Lowell St
Manchester, NH
 
Chase & Durand Assoc Inc
(603) 669-4567
119 Walnut St Ste 1
Manchester, NH
 
The Northern New England Financial Group
(603) 627-7608
1000 Elm St
Manchester, NH
 
Ackerson Peter T
(603) 622-8600
23 S Mammoth Rd
Manchester, NH
 
Draper Agency the
(603) 622-2850
453 2nd St
Manchester, NH
 
North American Specialty Ins Co
(603) 644-6600
650 Elm St Ste 600
Manchester, NH
 

How a Pool Affects Your Home Insurance

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How a Pool Affects Your Home Insurance

Ah, the joys of a pool. Cooling off after a hard days work. Having a party with friends. Perhaps you've lined up the contractor and the pool supplies, maybe even planned that party. But heres something to consider: Do you have the right insurance coverage for that wonderful new backyard accessory?

The first thing you have to do is check your existing homeowner policy. Does it make any mention of pools or coverage for pools? It may even be listed among the exclusions on the policy, which means you definitely need additional coverage. Usually, your pool will be covered under other structures. Do you have coverage for other structures?

Why check your policy? The main reason is to confirm that your basic homeowner insurance provides you with these two things:

  1. Coverage for damages to your home and other structures on the premises (like your prospective pool)
  2. Liability protection in the event someone sues you

If I've got this, arent I okay? Yes and No. You should always notify your insurance agent that a pool has been installed, just to be sure that there won't be any problem. However, once you have a pool installed, you are more likely to have to call your insurance company because of the kinds of risks, both in terms of damage and liability that comes with a pool. Since you are increasing the risk to your insurer, you can assume it will cost you more money in premium. It may not be a substantial increase, depending on your insurer, but there will generally be an increase.

Are you sure you have enough coverage? This is an important question. If you want to get the right coverage, you'll have to consider your situation and your needs. Lets talk first about damage to your new pool.

A pool is considered separate from your dwelling, so it's usually covered under the category of "other structures" on your policy. The standard amount of insurance for such items is 10 percent of the coverage amount for your dwelling, though some policies will provide up to 20 percent. So the biggest issue is whether this amount of coverage is sufficient to cover the cost of your new pool.

Lets say you have a home worth $150,000. You have the standard coverage for other structures of 10 %. This would give you $15,000 for your pool and anything else separate from your house. Continuing with the above example, if your pool cost $14,000 and you also have a detached garage worth $10,000, plus a gazebo overlooking your pool worth $6,000, you've got $20,000 in separate structures. This calls for a change in your insurance coverage.

So what kind of damages are covered for your pool? The most common homeowners policy in the United States will protect your pool from all perils except those specifically excluded in your policy. However, some insurance will only protect your pool against some 17 named perils specifically listed. Check the details of your policy and be prepared to make changes in your covera...

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