Your homeowners insurance will cover damage to your pool as long as it results from a peril listed in your policy. Falling objects, fire, and storm damage are normally covered. If a storm blows through and knocks down a tree that ends up in your pool, your homeowners policy will take care of the damage. If you notice that your pool has been damaged by a peril that is covered by your homeowners insurance, you should file your claim as soon as possible.