Posted on Friday, 9th July 2010 by
Hot temperatures on the East Coast may prompt some to consider finally getting a swimming pool, but doing so may have home insurance implications.
According to the Insurance Information Institute, consumers who install a pool should contact their policy provider because having one could increase their liability.
“In addition to learning how to keep your pool or spa safe, it is also important to make sure that it is properly insured and that it complies with local safety standards,” said Jeanne Salvatore, senior vice president with the III.
While a common home insurance policy offers $100,000 of liability protection, the III said people with pools should consider a minimum of $300,000.
Along with that portion of the coverage, consumers should make sure their pool is protected against damage, especially because these additions to a home can be rather expensive.
In fact, any addition to a house could warrant a review of a home insurance policy to ensure that a property is completely covered. That also goes for buying new appliances, which should be added to a list of items owned by a consumer that can be used when needing to make claims.
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Tags: Home Insurance, Home Insurance Implications, Insurance, Insurance Implications
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