It’s finally summer in Michiana!!! For many of us, it’s a welcome relief—especially during the pandemic. As you open your backyard pool or take your boat out of storage, it’s important to have the right insurance protection. At Healy Group, we are here to help. While every situation is not the same, here are some general tips that will help you make an informed decision.
Swimming Pools
Homeowners Insurance helps cover pools in two ways. If the pool is damaged by a covered peril, homeowners insurance may pay to repair some of the damage. Homeowners insurance also covers liability if a guest is injured at your pool.
Your homeowners policy will usually help pay for covered risks such as fire and falling objects. If a tree falls in your pool because of a storm, the typical homeowner policy will help pay to repair the damages to the pool caused by the falling tree. However, most homeowners policies exclude damage caused by freezing water in pools, so it’s important to make sure your pool and its pipes are drained well at the end of the season.
If you have a swimming pool, it’s also important to understand how the liability coverage of your homeowners insurance may come into play. If a guest is injured at your pool, you could potentially incur medical or legal expenses that stem from the incident.
A homeowners policy typically provides $100,000 in base liability coverage. You may want to increase those limits if you have a backyard pool.
Additionally, you may want to seriously consider a personal umbrella policy.
An umbrella policy provides coverage above the levels of your homeowners policy. Umbrella protection begins when you’ve exhausted the required underlying insurance amount of your homeowners policy.
Boating
Watch this ski blooper!
Whether you own a jet ski, sailboat, ski boat, or fishing trawler, it’s important to find the right boat insurance that will come to the rescue if you have damage, theft, or a passenger is injured on your boat.
Here’s what boat insurance typically covers:
- Damage or destruction from a collision, theft, or vandalism
- Damage to a boat and permanently attached equipment
- Bodily injury liability, which pays expenses when someone is injured on your boat
- Property damage liability, which pays for damage your boat does to someone else’s property.
- Medical payments, which pays medical expenses for you and passengers
Healy Group personal lines advisors have access to a wide range of products from multiple carriers and can offer guidance on a variety of products, coverages, and prices. Have questions about whether you have the appropriate protection in place for your swimming pool or boat? Let’s Connect.
About the Authors
Connie Greenwood, Personal Insurance Advisor
Connie Greenwood has 35 years of experience as an Insurance Advisor. She enjoys helping her clients and prospects understand their insurance options, and crafting insurance solutions tailored to their unique needs. Connie finds great joy in being a trusted advisor for her clients. She loves helping protect their financial welfare against unforeseen accidents and circumstances and bringing them peace of mind.
Tim Pingel, Personal Insurance Advisor
Tim Pingel has almost 20 years of experience as a personal insurance adviser. He provides individuals, couples, and families with home, auto, and umbrella insurance. His ultimate goal is to be his clients’ trusted adviser and expert, so they have the peace of mind and protection they deserve.
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