Insurance rates, upon which premiums are based, depend not only upon the amount of coverage (the "coverage limits") but more, the nature of the risk. Homeowners insurers therefore will consider the presence of a pool in the risk calculation. Further, from the standpoint of physical damage coverage, you will want to include damage to the pool from an adverse event, so you may choose to increase the dollar amount of coverage. Those two factors may, and probably will, lead to an increase in premium.Here are some other answers:
Question your homeowners insurance. If it was the neighbor's pool, perhaps their liability/homeowners insurance will pick up the cost. In any case, you have to have the ambulance at any price.
wear and tear, deterioration is not covered
You can claim an insurance loss for an above-ground pool only if it was covered by the terms of your insurance policy. Check with your insurance agent.
Your homeowners insurance policy may or may not cover a ripped pool liner. It all depends on the policy form you choose when you purchase the homeowners insurance policy, the policy language and any endorsements. You should check with your agent or insurance company to determine whether it is a covered peril or not.
yes it does.
If the pool is an insured structure on your home insurance policy then it would be covered in the event of damage by a specified peril. Maintenance and repair of pool equipment and supplies would not be covered.
You can probably cound on no coverage due to neglect or incompetency.
Truly depends on your insurer and what plan you have. But it should.
Generally having an in ground pool does not cause your insurance rate to increase. It will however cause you to have a few more responsibilities. You will have to have at least a 4 foot fence surrounding the pool and a lockable childproof gate. The lock will need to be made so that you have to reach over the gate and unlock it from the inside so that most smaller children cannot gain access to the pool area by themselves.
Depends on HOW the damage occurred. Your above ground pool is normally covered as 'personal property' under your homeowners policy for the listed perils. See Coverage C- Personal Property for the list of covered losses.
Multiple losses on any policy will guarantee a cancellation. A cancellation on a home insurance policy will pretty much guarantee that you will not get another homeowners policy at anything close to a reasonable rate. Also, you can be assured that no company will allow you to purchase jewelry floater policy either. I hope your state has an insurance pool for those who can't buy insurance in the private sector.
No. This sounds like a manufacturer or maintenance issue. Something is wrong with the pool itself or with the way it was installed as the earth behind pool walls has washed away making it loose support and fail. For a homeowners policy to pay for damages the damage must be the fault of a covered cause. I can't see how the damage you are describing could be from a coverer cause. Homeowners insurance is not made to cover maintenance issues or manufacturer defects. First I would contact whoever installed the pool. If it has been past the warranty period I would check with a professional to see what the cause of the damage is first.