OIP News - Coverage on Swimming Pools

With warmer weather fast approaching, many of us will soon be enjoying the weather next to a swimming pool. If you’re thinking about purchasing a pool, or buying a home with one already installed, you’ll need to know some key items on how a pool will affect your insurance.

A swimming pool is traditionally covered under the ‘dwelling’ and ‘liability’ portion of your home insurance policy. Adding a pool increases your home liability, as you are at an increased risk of being sued due to bodily injury in and around your pool. You may need to increase your amount of liability insurance to ensure that you’re properly covered in the event of an accident.

To keep your backyard a safe and happy place while minimizing your risks, you may consider the following:

Check your town or municipality rules for putting fences around your pool, as some places require enclosures. Even if not required, you may consider installing a fence with a locked gate.
Establish safety rules for family and friends, such as no running near the pool and no diving.
Always ensure that an adult is present and watching when children are swimming.
Keep lifesaving equipment and a first aid kit handy.
Consider taking a course on pool safety, including CPR and first aid, to ensure you are ready in the event of an accident.

Please note that insurance varies from province to province. The information above reflects Ontario insurance. Be sure to inquire if you have any questions on your specific situation.

Check with Cornerstone Insurance Brokers, Ltd., administrator for the OVMA Insurance Program by calling toll free 1.888.681.2862 and speak with your Account Manager. ovma@csib.org