How Swimming Pools Affect your Home Insurance in Florida

What better way to relax on a lovely weather than to take a dip in the water at the comfort of your home? Many households in Florida have swimming pools. And since the summer season is here, you may be feeling a bit of pool envy.

Swimming pools can increase your home’s value. But does it affect your homeowners insurance rate? Let’s find out.

Before you add a pool to your property or buy a home that has one, there are things that you need to remember:

  • An increase in the value of your property means you need to increase your insurance coverage.

A swimming pool will increase your exposure to certain risks. You could be liable for those who get hurt in and around your pool (whether you invited them or not). Thus, your homeowners insurance shouldn’t only reflect the increased value of your property, but also the increased risks as well. For that, you might need extra protection through an umbrella policy.

  • Pool accessories, furniture, and equipment will increase the value of your personal belongings.

When adding more coverage to your homeowners insurance policy, make sure that you add up valuable patio- or pool-related items to the worth of your personal belongings. Note, however, that there may be limits for each item you include. For items with high value, you can get expanded coverage.

  • You need to install safety measures.

Florida requires residential swimming pools to have barriers that must be at least 4 feet high placed around the perimeter of the pool. There must be no gaps, opening, protrusions, or structural components that allow young children to crawl under, climb over, or squeeze through the fence. Aside from that, you can also install other pool safety measures like safety pool cover and exit alarm system. These safety devices help reduce your exposure to risks.

Work closely with an insurance company that understands the local zoning laws in your area to fully understand how pools affect your homeowners insurance rates. Our agents here at Wellcovered Insurance Group will help you find the right coverage for your specific needs. We will also help ensure that your swimming pool isn’t an unmanageable risk. Feel free to call us at (386) 218-4951 and get a quote now!