Owning a home is a major investment, and protecting it with homeowners insurance is essential. However, some homeowners are finding themselves in a difficult situation when their insurance company refuses to renew their policy due to the presence of a swimming pool on the property. While pools are often considered a luxury, they can also pose significant risks, leading insurers to take a closer look at potential hazards before offering coverage.
Why Insurance Companies Deny Renewals for Homes with Pools
Insurance companies evaluate risk carefully, and certain conditions surrounding a swimming pool can trigger non-renewal of a homeowners insurance policy. Some of the most common reasons include:
An Empty Pool: An empty swimming pool is considered a major liability risk. Without water, the structure can deteriorate, creating safety hazards such as cracked surfaces and structural instability. Additionally, empty pools can attract unwanted visitors, increasing the chance of accidents or even vandalism.
Pool Too Close to the Home or Other Structures: When a pool is situated too close to a house, garage, or other structure, it poses a risk of foundation damage and water intrusion. Over time, water leakage or soil displacement can compromise the stability of buildings, which is a significant concern for insurers.
Pool Located on a Slope: A pool constructed on or near a slope presents a risk of soil erosion and shifting ground, which can lead to cracks in the pool’s structure or even complete failure. In worst-case scenarios, it can cause property damage and impact neighboring land, making it a high-risk factor for insurance companies.
Structural or Maintenance Issues: If a pool is in poor condition, with visible cracks, failing tile, or improper drainage, insurance companies may deem it too great of a liability to insure. Lack of proper maintenance increases the likelihood of costly repairs or even accidents.
What Homeowners Can Do
If an insurance company declines to renew coverage due to pool-related concerns, homeowners are left with a tough decision—either renovate or remove the pool entirely. Here’s what each option entails:
Remodeling the Pool: Bringing a pool up to standard can be an expensive endeavor, with costs ranging from $30,000 to $50,000 depending on the extent of the work required. This may involve resurfacing, retiling, reinforcing structural integrity, improving drainage, or adding protective barriers to mitigate risks.
Removing the Pool: Pool demolition is the more affordable alternative, typically starting at $10,000. This process involves draining the pool, breaking up the structure, filling it with compacted soil, and restoring the yard. While it eliminates the liability altogether, it may also reduce property value if future buyers desire a pool. However, removing a swimming pool can significantly reduce insurance premiums and eliminate maintenance costs, making it a financially wise choice for many homeowners.
Navigating Insurance Coverage and Pool Removal with Experts
For homeowners looking to remove their swimming pool, working with an experienced contractor can streamline the process. Frisch and Sons Inc., a trusted pool demolition contractor, specializes in working with insurance companies to extend deadlines and expedite the permit process with local city and county authorities. By partnering with professionals like Frisch and Sons Inc., homeowners can ensure a smooth and efficient pool removal process, minimizing delays and unexpected complications.
If your homeowners insurance company has flagged your pool as a liability, it’s important to take action immediately. Consider the following steps:
Get a Professional Inspection: A structural engineer or pool contractor can assess the risks and provide a detailed report on necessary repairs.
Consult Your Insurance Provider: Speak with your insurer to understand their exact requirements and whether modifications can allow for renewal.
Shop for Alternative Coverage: If one insurer won’t renew, another might. Specialty insurance providers may be more flexible, though premiums may be higher.
Final Thoughts
While a swimming pool can enhance a home’s appeal and value, it also carries risks that can impact homeowners insurance. Understanding these risks and taking proactive steps to address them can help homeowners maintain coverage and avoid unexpected financial burdens. Whether choosing to renovate or remove the pool, it’s important to weigh the costs carefully and ensure compliance with insurance requirements to keep your home protected.
For those considering pool demolition, Frisch and Sons Inc. offers expert services to help homeowners navigate insurance cancellations due to swimming pools. Their efficient pool removal process not only mitigates risks but also helps homeowners save money on insurance premiums. Contact Frisch and Sons Inc. today to learn how they can help with your pool demolition needs.
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