Why does my insurance company care if I have a trampoline?
Point blank- Insurance companies aren’t crazy about insuring homes with trampolines because of safety issues.
We hear it all the time: “Our children begged for a trampoline so we finally gave in. We can’t get rid of it now!” Unfortunately, while a trampoline may be a ton of fun for the kids, serious risks are also involved which is why they often pose insurance consequences.
The main reason that having a trampoline could raise your insurance premium is the increased liability associated with owning one. It is very easy for a child to be seriously injured while bouncing on a trampoline. The Consumer Product Safety Commission reports that trampoline-related injuries nearly tripled in a recent ten-year period.
If you decide to purchase a trampoline after you have already purchased home insurance, your insurance company may choose not to renew your policy. If you are shopping for home insurance and you own a trampoline, you may have difficulty finding an insurance company to provide affordable coverage for you. Furthermore, some insurance companies may increase your rate or add a clause to your current homeowner’s policy that excludes injuries caused by the trampoline. Other insurance companies may provide coverage subject to certain requirements such as pads to cover the trampoline springs, a net enclosure for the sides, and/or a fenced-in yard with a gate and working lock to keep unwanted guests from entering the area.
Laws vary state to state regarding trampoline requirements. Before adding a trampoline or other recreational equipment to your home, call us at (401) 723-8510 or visit us online! We can discuss some safety measures that can keep your homeowners insurance premium budget friendly.
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