When you close on a home, one of the last things you'll do is sign up for homeowners insurance. But what does that cost?
The first thing to consider is the size of the pool. If the pool is smaller than 12 feet by 12 feet, homeowners insurance may not include coverage.
The good news is that homeowners insurance premiums at closing generally don't change much from year to year. However, there are a few factors to consider before signing on the dotted line. You should know the size of your home, how much coverage it needs, and whether you have any existing coverage.
.jpg)
If you have a pool that's 12 feet by 24 feet or larger, homeowners insurance typically will include coverage for accidental damage and theft.
If someone else owns the structure and the pool is off their property, they may be responsible for any damage done to your property - even if it's not on their property! This can vary depending on where your
Another thing to keep in mind is whether you own the structure that holds the pool (a private Pool Deck or Patio) or whether someone else owns it (like a public park). If you own the structure, your homeowners policy should cover damage caused by vandalism or theft of items on or around your pool - even if it's not on your property.
Pool insurance can be a tricky topic. There are a few things to keep in mind when deciding if pool insurance is necessary.
