To expand on what Bubba Jimmy said, find out from your insurance exactly how much the insurance to cover this will cost per month and find out of the tenants are willing to pay that much more in rent to have the pool remain.


keep the insurance in your name do not under any circumstance attempt to contractually put it on your tenants, a contract between you and your tenants would be tenuous at best (IDK if NJ even allows waivers of that sort of liability) at defending liability if your tenant gets hurt and totally worthless if any third party (such as a tenant's guest or trespasser) got hurt.