A backyard swimming pool is a fun addition for a homeowner and his family. However, it is also an additional liability for the homeowner and the neighborhood at large. The right insurance coverage will provide peace of mind in the event of an accident in the pool area. To determine what that right coverage looks like, there are a few factors to keep in mind. This article will provide the basics of insuring a swimming pool, including the type of coverage to consider and what you can expect to pay for it.

Where is the House?

The location of your home is the first factor that will determine whether you have to pay more in homeowner's insurance after installing a pool. In areas where pools are common, such as Texas or Arizona, the addition of a pool may not make a great amount of difference in your insurance premiums. The cost of a pool may already be factored into premiums, since the majority of homeowners already fall into this category. However, areas like the Northeast, which do not see a very long swim season, may indeed charge a slightly higher rate for insuring a property that includes a pool.

Where is the Pool?

The location of the pool will also determine the amount of your homeowner's insurance rates, particularly in the area of liability. For example, if your pool is in a fenced-off area in your enclosed backyard, liability rates may not be as high, since access is limited. However, if your property is not fenced, or your pool is located in your front yard and easily accessible to others, liability insurance may cost much more. You can control this cost in part by enclosing your pool with a fence at least four-feet high. This is an important safety addition for your swimming pool as well.

Other Considerations

There may be other additions to your swimming pool that will help to keep your insurance costs down. It is a good idea to talk to your insurance company before installing a pool to find out what factors may affect your homeowner's insurance. For example, some companies will offer breaks on premiums for pool owners that install an alarm system on their pool or eliminate the use of diving boards and slides. By working with your insurance company on these stipulations, you may be able to get sufficient coverage for a lower rate.

Even if your insurance rates increase somewhat with the addition of a swimming pool, it is necessary to let your insurance company know about your new structure. While it may cost a bit more, it is better to pay for sufficient coverage. Insurance gives you peace of mind in knowing that if anyone is injured while using your outdoor pool, you and your guest will be covered for any medical expenses and damages. Like car ownership, owning a pool comes with its own set of responsibilities. Homeowner's insurance that covers your new addition is just one part of being a responsible pool owner.