Every year, nearly 300 people drown in backyard pools and nearly 43,000 people are injured in and around swimming pools. These statistics equate to a greater liability for homeowners insurance companies if you own a pool. However, as long as you disclose you own a pool most companies will still cover you, and many will not even raise your rates. However, having a pool may want you, the homeowner, to consider increasing the liability coverage on your insurance policy above the standard $100 to keep yourself safe.

There are also many things you should do if you want a pool, but still want to keep your rates down, and protect people from getting hurt. One of the biggest things would be installing a locking gate around your pool. Keep in mind that a diving board or slide will increase your liability.

Again, make sure to shop around, as these factors vary widely from insurance company to insurance company. Using InsWeb.com's online homeowners questionnaire, you can compare homeowners insurance quotes from leading companies in minutes.