Home insurance provides essential protection to cover your losses in the event of a crisis, such as a natural disaster. Liability coverage is often determined based on the likelihood of an accident occurring on your property. Certain amenities can lead to higher insurance rates because they require more property protection or are considered higher risk. Failing to inform your insurance company about these amenities can result in claim denials.

Swimming Pools

Swimming pools typically require additional property coverage. If a disaster occurs, you should have enough coverage to replace your swimming pool. Pools are also considered high risk, meaning you may need more liability coverage.

Some insurance companies require specific safety precautions, such as installing a fence around the pool to prevent accidental falls and drownings. They may also require other safety measures, like a pool cover. Speak with an agent at NY Twin Bridges Insurance Agency to learn more about home insurance requirements in the Albany, NY, area.

Treehouses

Treehouses are considered an "attractive nuisance." This term applies to amenities that are appealing to children but increase the likelihood of injuries. Some insurance companies may not mind if you have a treehouse, while others might require fencing around it. In some cases, a company may exclude treehouse-related injuries from your policy.

Other Amenities

Several other amenities should be disclosed to your insurer because they either increase the risk of injury or raise your property value. These include:

• Outdoor firepits
• Outdoor kitchens
• Trampolines
• Hot tubs
• Remodels that increase property value, such as finishing a basement
• Woodburning stoves
• Outdoor living spaces that are expensive to replace

At NY Twin Bridges Insurance Agency, we can help you understand how these amenities may impact your policy. Contact us today! We proudly serve the Albany, NY, area.