Date Published: 2023/06/28

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Does a swimming pool affect my home insurance?

Looking down at a set of steps with handrails leading into an above ground pool surrounded by a wooden deck on a sunny day.

As summer arrives and temperatures soar, many Canadians are excitedly preparing to open their swimming pools or have one built in their backyards. While a pool offers endless hours of fun and relaxation, it’s important to ensure you have the coverage you need before diving in. 

Read on to learn more about:
  • The basics of swimming pools and home insurance
  • Selecting the right insurance coverage
  • Considerations to make before buying a pool

The basics: What to know about swimming pools and home insurance

If you’re considering buying a pool, you’re likely wondering, “Does a swimming pool affect my home insurance?” The short answer is: yes. A swimming pool increases the risk and potential cost for your insurer, meaning your insurance premium will likely increase as a result. This is due to two key factors: 

Increased liability risk

Having a swimming pool on your property comes with a higher chance of potential accidents and injuries, including slips, falls or drowning. The elevated risk of accidents increases your liability exposure as a homeowner.

Higher home replacement value

The addition of a swimming pool adds value to your property, which, in turn, raises the replacement cost of your home. This increased value needs to be reflected in your insurance policy so you have enough coverage to protect your investment.

If you’re planning on installing a pool, you need to let your insurance provider know so they can ensure you have the right amount of coverage.

Finding the right home insurance coverage for your pool

There are various factors to consider when insuring your pool, starting with its size and structure. Each type of pool has its own unique features and risks. 

In-Ground Pools: These pools are typically permanent fixtures and may require higher coverage limits due to their increased replacement value. You’ll also need to consider coverage for pool structures, equipment and any surrounding property.

On-Ground Pools: These pools are partially buried and partially above ground. Similar to in-ground pools, they should be adequately covered for liability and property damage risks.

Above-Ground Pools: These pools are fully above ground and may have different insurance considerations. Check with your provider to ensure you have proper coverage for the pool itself and any associated structures.

Hot Tubs: While hot tubs are smaller than traditional pools, they still pose liability risks. Make sure that your insurance policy covers hot tubs, as well as any related equipment and structures.

Consider increased liability coverage

Liability coverage provides financial protection in the event of a claim or lawsuit resulting from a pool-related incident. While liability coverage is included in your standard policy, you should consider increasing your limits to reflect the elevated risks that come with owning a pool.

Ask about umbrella coverage

Umbrella coverage is an additional layer of liability protection that extends beyond the limits of your primary home insurance policy. It offers extra security for pool owners who may face increased risks. 

Speak with your insurance broker about your coverage options. Discuss your pool's specifications, including its size, features and any additional structures to determine the most appropriate coverage options for your needs.

What to consider before buying a pool

If you’re thinking about installing a pool in your backyard, take the following factors into account before getting started:

Cost and budget

Be prepared for the upfront costs of installation, including excavation, construction and obtaining necessary permits. Also consider the ongoing expenses for pool maintenance, such as water treatment, cleaning supplies and eventual repairs. Don’t forget to factor in the potential increase in your home insurance costs.

Legal responsibility and local regulations

As a pool owner, you have a legal duty to ensure the safety of everyone who uses your pool. Inadequate safety measures or failure to fulfill legal responsibilities could result in legal and financial consequences if someone is hurt on your property. 

Most municipalities have specific regulations regarding pool safety, including permits and zoning, minimum depth requirements, and the installation of fencing, locks and pool covers. Research the rules and regulations for residential pools in your area so you know what’s legally required of you.

Additional safety measures

In addition to following your municipality’s regulations, there are additional steps you can take to minimize the risk of accidents, including:

  • Locking backyard gates and pool fences when not in use
  • Providing supervision
  • Adding “No Trespassing” and “No Diving” signs
  • Setting clear pool rules for guests
  • Having necessary safety equipment on-hand, such as life-saving devices
  • Maintaining your pool regularly

As a responsible pool owner, it’s important to prioritize safety, adhere to regulations and choose the right insurance coverage to protect yourself and your investment. By working closely with an insurance broker, you can make sure that your pool is adequately covered, allowing you to enjoy the summer months worry-free.

If you’re shopping for home insurance and would like to get a free quote, contact an Orbit insurance broker today at 877-976-7248.

If you’re a current Orbit policyholder and have any questions about your insurance coverage, call 877-976-7248 to review your policy or learn more about your coverage options.