
NIT Property & Liability Pool Application 072011 Form
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People also ask
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Does having a pool affect your homeowners insurance?
By adding a pool to your backyard, you are increasing your home's value and gaining access to numerous benefits. That said, the quality and ongoing condition of your swimming pool is a major factor that affects the increased value.
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Is a swimming pool an asset?
Property owners may be held liable for a drowning accident if they did not post appropriate warning signs. In the absence of a lifeguard, signs indicating the depth of water or “swim at your own risk” must be visible to all pool users. Hidden or illegible signs are inadequate and mean an owner can still be liable.
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What is liability insurance all about protecting your pool of?
What Is Pool Liability Insurance? Like any other form of insurance, swimming pool liability insurance is a way to make sure you're financially protected, specifically when an accident occurs that results in an injury. This applies to residential pools but it's especially important for publicly owned and operated pools.
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What kind of liability does one have if he/she owns a pool?
Since children and strangers are tempted to enter your property and use the pool, with or without your permission, you have a higher responsibility for its safety. Owning a swimming pool means an injured party can hold you liable for an injury even if he or she was trespassing.
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Why is a pool a liability?
Property owners are responsible for keeping their pool secure. If a homeowner has a pool and does not take adequate measures to prevent unwanted or unsupervised individuals from gaining access to the pool, they can end up assuming liability if an accident occurs.
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