How swimming pools MAY BE covered under homeowner’s insurance
Homeowners insurance may cover your swimming pool against damage resulting from the covered perils listed in your policy, which often include fire, lightning strikes, hail, vandalism, and even explosions. If a major hailstorm damages the pool liner or other components of the pool, your homeowner’s insurance policy’s dwelling, personal property, or other structures coverage may pay to repair the damage, minus your deductible and up to your policy’s coverage limits.
The actual coverage under your homeowner’s policy that protects your pool may vary by insurer and the type of pool you own:
- Personal property coverage.An above-ground pool will typically be considered personal property by insurance companies if it’s portable. Personal property coverage on a homeowner’s policy typically covers personal property at 50% of your dwelling coverage. For example, if your home is insured for $300,000, you’ll have up to $150,000 in coverage to protect against damage to your personal property, including your above-ground pool.
- Other structures coverage.An above-ground pool that is permanently installed may be considered as an “other structure”. Other structures coverage is typically 10% of your dwelling coverage, so if you’re carrying $300,000 in dwelling coverage, your pool may be covered up to $30,000.
- Dwelling coverage.Some insurance companies may cover your in-ground pool, up to the limits of your policy’s dwelling coverage.
Talk to your home insurance provider to determine how your insurance coverages may protect your swimming pool against damages.
What does insurance NOT cover when it comes to swimming pools?
Your homeowner’s insurance policy won’t cover the following:
- Wear and tear:If your pool liner needs to be replaced because it’s old, for example, your insurance won’t cover this cost.
- Lack of maintenance:For example, failing to regularly vacuum or clear away leaves and other debris in your pool may clog the filter and cause damage to your pump, which likely won’t be covered. Learn more about regular pool maintenance.
- Failure to properly winterize your pool:If you’re in an area prone to freezing temperatures and you fail to lower the water level and drain all other equipment of water, cracks and leaks may occur, which likely won’t be covered.
- Flooding:Flood damage is also excluded from a standard homeowner’s policy.
Does homeowner’s insurance cover a pool collapse?
Your pool isn’t likely to be covered if it collapses but check with your insurer to be certain. If the pool collapse is due to neglect or lack of maintenance, the cost of repairing or replacing the pool is your responsibility.
Source: https://www.progressive.com/answers/does-insurance-cover-swimming-pools/
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