We had rebar done today. We are very excited.
I need some help/insight on HOI for our pool. I called the agent today and they said that the pool is covered from a perspective of having something like a tornado ripping it off or the house falling on the pool and damaging it, but no coverage exists if the pool cracks, leaks, etc. Is this correct? Also, my "other structures" coverage is now $47k and I'd have to increase it to cover the pool and new fence. Is this correct as well?
Finally, I asked about liability and they said I already carry $500k on that but that it would be adviseable to buy an umbrella insurance that would cover for another $500k. The problem is that the umbrella coverage costs between $350 and $400 per year.
What should I do? What is the norm?
Thanks for any feedback.