Does a Pool Increase Your Insurance Premium?

Does a Pool Increase Your Insurance Premium?

A swimming pool can increase your homeowner’s insurance premium. The amount of the increase will vary depending on a number of factors, including the size of the pool, the type of pool, the location of the pool, and the safety features of the pool.

In general, pools are considered to be an attractive nuisance, which means that they are more likely to attract children and other people who may not be able to swim safely. This increases the risk of accidents and injuries, which can lead to lawsuits and claims.

To offset this risk, insurance companies typically charge homeowners with pools a higher premium. The amount of the increase will vary depending on the factors mentioned above. For example, an in-ground pool is likely to cost more to insure than an above-ground pool. A pool in a high-traffic area is also likely to cost more to insure than a pool in a more remote area.

The safety features of the pool can also affect the cost of insurance. For example, a pool with a fence and a pool alarm is likely to cost less to insure than a pool without these features.

If you are considering installing a pool, it is important to factor in the cost of insurance. You should also talk to your insurance company to find out how much the pool will increase your premium.

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