Does owning a swimming pool increase your home insurance premiums?

Does Owning a Swimming Pool Make Your Homeowners Insurance More Expensive?

Yes, owning a swimming pool can increase your homeowners insurance premium. As a Florida homeowners insurance agent, we often explain to homeowners that while a pool can add value and enjoyment to your home, it also increases your liability risk. Because of this added exposure, insurance companies may charge a higher premium to properly insure your property.

Why Does a Swimming Pool Increase Insurance Costs?

Swimming pools are considered an "attractive nuisance," meaning they can attract children and visitors who could be injured on your property. If someone is hurt while using your pool, you could be held financially responsible for medical expenses, legal fees, or damages. For this reason, insurance companies carefully evaluate homes with pools when determining your premium.

What Coverage Applies to a Swimming Pool?

Your Florida homeowners insurance policy may provide coverage for:

• Dwelling Coverage - If the pool is permanently installed, it may be considered part of your home's insured structure.
• Other Structures Coverage - Certain pool-related structures, such as detached pool houses or equipment sheds, may also be covered.
• Personal Liability Coverage - Helps protect you if someone is injured in or around your pool and you are found legally responsible.
• Medical Payments Coverage - May help pay for minor injuries to guests, regardless of who was at fault.

How Can You Keep Your Premium Lower?

Many insurance companies look favorably on homeowners who take steps to reduce the risk of accidents. Safety features that may improve your home's insurability include:

• A fully fenced backyard with self-closing, self-latching gates.
• Pool safety covers.
• Door alarms or pool alarms.
• Proper lighting around the pool area.
• Regular maintenance to keep the pool and surrounding area safe.

Should You Increase Your Liability Coverage?

Because pools increase your potential liability exposure, many Florida homeowners choose to increase their personal liability limits beyond the standard amount included in a homeowners policy. Depending on your assets, an umbrella insurance policy may also provide additional liability protection for greater peace of mind.

Review Your Coverage Before Installing a Pool

If you're planning to install a swimming pool or recently purchased a home with one, let your insurance agent know as soon as possible. A licensed Florida homeowners insurance agent can review your coverage, explain how your premium may be affected, and compare quotes from multiple insurance companies to help you find the right protection at a competitive price.

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