Ways Adding A Pool Or Hot Tub May Affect Your Home Insurance Policy

Insurance Blog

Are you in the process of getting a new swimming pool or hot tub for your backyard? If you are, you will need to contact your homeowner's insurance agent to update your home insurance policy. Your current policy might not offer enough protection and coverage for this new addition to your home. Here are a couple of important facts to understand about swimming pools, hot tubs, and other outdoor items you might buy for your backyard.

You Might Need More Structural Coverage

A good reason to update your home insurance policy regularly is to ensure that you have coverage for everything you have. When you purchase new assets, they have value, yet your current policy might not offer protection for them. The only way you can make sure they have protection is by calling your insurance company to let them know about your new purchases or additions to your house, and you should call if you get either a swimming pool or a hot tub for this reason.

You Might Need More Liability Coverage

The other vital reason to call to update your policy is to add any extra liability coverage you now need for your home. Installing a pool is a great idea, as it offers hours of enjoyment, but it is also a risk. There are a lot of risks associated with a swimming pool, and you will probably need to increase your liability coverage when you get one. The best way to have enough liability coverage is by calling your agent to talk about your new addition.

Additionally, your agent can also tell you more about any safety requirements you must have for your pool or hot tub. You might need a fence around it, for one, and you may even need a lock on the fence.

Other Items Also Fall in This Category

You should update your policy not only when getting a pool or a hot tub but also when you purchase any outdoor items. For example, if you purchase a trampoline, you should update your policy. If you purchase a swing set or playground equipment, you may also need to adjust your coverage.

It is always a smart move to call your insurance company when you make any type of changes at your house. To learn more about the effects these types of changes have, call a homeowner's insurance agent or a business like ALTRE Insurance Agency Inc today.


25 February 2020

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