Swimming Pools Can Greatly Impact Your Houston Multifamily Insurance
You Cannot Assume Your Houston Multifamily Insurance Will Cover All Aspects Of Your Swimming Pool
One aspect of Houston Multifamily Insurance you need to be aware of is swimming pools. In the hot weather, swimming pools are in high demand, however they can also pose a major liability if you do not utilize the best practices.
Swimming Pools And Houston Multifamily Insurance Liability
The primary aspect of swimming pools and insurance that you need to know is that many of the risks can be mitigated in order to get the best ROI on your multifamily real estate investment. For example, if Your Property Has a Pool, You Must Ensure That:
- The pool has a fence of at least 4 feet tall
- Safety Equipment Is Up-to-Date
- Flotation Devices Are Available
- Pool Rules Must Be Posted (Ex. time)
These work very well to not only ensure that the pool is properly maintained, but it also works to minimize potential problems before they happen. For example, if you have rules posted with specific hours, then it is less likely that a tenant can open up a lawsuit if they use the pool after dark and then suffer some sort of injury. As a multifamily real estate investor, you want all aspects of your property to be well maintained, especially the pool area.
What Your Houston Multifamily Insurance Should Include
If you do have a pool and you want to make the best use of your Houston Multifamily Insurance policy then you may want to consider liquor liability if your tenants can have alcohol around the pool. This would also help to minimize potential risks if a tenant suffers an accident while drinking.
The overall key is to make the best use of your Houston Multifamily Insurance policy by alleviating any potential risks associated with swimming pools.