Will adding a Pool affect my Home Insurance Policy?

Overview

If you have an NRMA Home Insurance policy and plan to build an in-ground pool, it’s important to understand how this addition will impact your coverage. This article outlines key considerations, including coverage eligibility, policy updates, and potential premium changes.

Coverage for In-Ground Pools

An in-ground pool is classified as a home improvement and falls under NRMA’s Buildings Insurance policy. Once constructed, it will be covered against insured events such as:

• Fire

• Theft

• Storm damage

• Other risks specified in the Product Disclosure Statement (PDS)

Additionally, NRMA covers damage caused by water leaking or escaping from swimming pools, subject to policy terms and conditions.

Policy Update Requirements

To maintain appropriate coverage, you should update your sum insured to reflect the addition of the pool. Your sum insured should represent the full replacement value of your property, including new home improvements like an in-ground pool.