With summer on its way, a pool can be a source of much-needed relief and relaxation on a hot day. While refreshing, pools also pose different challenges for homeowners than other installations and home improvements, particularly when it comes to homeowners insurance. Here are a few things to consider when thinking about a pool:

It can bring up the value of your home — and the value it needs to be insured for
Pools can be an attractive feature, but anything that raises the value of your home is cause for needing additional home insurance. Anything you purchase that is related to your use of the pool — including pool equipment, patio furniture, outdoor sound systems or grills — will also have to be added to your home inventory and insured. 

Determine whether your pool is covered by an existing policy
Pools are typically covered by a standard homeowners insurance policy, but the specifics of your coverage may vary, so it is always best to go over the details with your home insurance broker. An above-ground pool may be covered differently than an in-ground pool, with some additional fees potentially required.

Explore your liability coverage
One of the most important aspects of home insurance as it relates to pools is liability coverage. Thousands of people are sent to emergency rooms every year due to pool-related injuries, not to mention the attractive hazard they pose to neighborhood children. In addition to the personal injury liability protection, which may be already part of your homeowners insurance policy, consider if you may benefit from a personal umbrella policy that provides coverage over the limits of your existing policy.

To find out more about how your homeowners insurance may be impacted by a pool installation, contact Fundy Mutual today.