Home insurance in Evergreen, CO can help protect your property from many covered perils, but it may not always cover damage to your swimming pool. Several factors determine whether your policy will provide coverage.
Additional Coverages
The type of coverage you have plays a major role in whether pool damage is covered. Most in-ground swimming pools are treated as additional structures, similar to sheds or detached garages. To receive coverage, you must have protection for other structures included in your policy.
Above-ground swimming pools are often considered personal property. Most homeowners’ insurance policies provide coverage for personal property up to the specified limits. An agent at Davidson Insurance Agency can help you understand which type of coverage applies to your pool.
Covered Perils
Home insurance only covers pool damage if it results from a covered peril such as wind, fire, or lightning. Many policies also offer protection from certain natural disasters. However, coverage does not extend to damage caused by neglect or normal wear and tear. For example, if you fail to winterize your pool and freezing temperatures cause cracks or structural damage, the issue is typically considered neglect and would not be covered.
Coverage Limits
Every insurance policy includes coverage limits. Insurers only provide a certain amount of protection for personal property or other structures, which is often a percentage of your total policy value. For instance, you may have a 1 million dollar homeowners’ insurance policy, but only 1 percent of that amount may be available for damage to other structures, such as a pool.
It is important to know your pool’s replacement cost and discuss appropriate coverage with your agent before a loss occurs. This ensures you have sufficient protection should something happen.
Representatives at Davidson Insurance Agency are ready to help. Contact our office today to review your coverage options. We proudly serve the Evergreen, CO area.
