Does the presence of a Swimming Pool increase Home Insurance Premium?
Swimming Pools that belong to a Single Family Residence and are gated from public entry do not pose any additional hazard to an insurance carrier; however, it is the insured's responsibility to disclose the fact that there is a pool.
Most carriers inspect each and every dwelling and will insist that there is no public access to the pool and the area is protected by a latched gate. There may however exist an additional hazard associated with the swimming pool, the presence of a Diving Board or a Slide. Each carrier has its own independent assessment on underwriting the risk; there are some carriers that will not accept a home with the presence of a diving board or slide; also, there are some carriers that will accept a slide only if it is an in-ground slide for example built in a rockery type area sliding into the pool.
This whole topic is focused on the hazard that exists for the risk at hand. Although, a pool will not generate a higher premium, the circumstance may make the home ineligible for insurance with various carriers.
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Swimming Pools that belong to a Single Family Residence and are gated from public entry do not pose any additional hazard to an insurance carrier; however, it is the insured's responsibility to disclose the fact that there is a pool.
Most carriers inspect each and every dwelling and will insist that there is no public access to the pool and the area is protected by a latched gate. There may however exist an additional hazard associated with the swimming pool, the presence of a Diving Board or a Slide. Each carrier has its own independent assessment on underwriting the risk; there are some carriers that will not accept a home with the presence of a diving board or slide; also, there are some carriers that will accept a slide only if it is an in-ground slide for example built in a rockery type area sliding into the pool.
This whole topic is focused on the hazard that exists for the risk at hand. Although, a pool will not generate a higher premium, the circumstance may make the home ineligible for insurance with various carriers.