Understanding Trampoline Coverage in Homeowners Insurance

18 Sep Understanding Trampoline Coverage in Homeowners Insurance

Trampolines can be a source of fun for children and adults alike, but they also pose significant risks. One crucial aspect to consider when owning a trampoline is how it affects your homeowners insurance. Let’s continue reading to understand trampoline coverage in your homeowners insurance.

How Trampolines Impact Your Homeowners Insurance?

Trampolines are generally viewed as high-risk items by insurance companies due to the potential for injuries. As a result, having a trampoline can influence your homeowners insurance policy in several ways, such as:

• Increased Premiums: Most insurance companies will increase your homeowners insurance premium if you have a trampoline. This is because the risk of liability claims increases significantly.
• Policy Exclusions: Some insurance companies may exclude coverage for injuries related to trampoline accidents. This means that if someone gets hurt on your trampoline, your policy may not provide any financial protection.
• Safety Measures: Many insurance companies require specific safety measures for trampolines, such as safety nets and padding. Failure to comply with these requirements could void your coverage.

Understanding Your Coverage

To determine how your homeowners insurance policy covers trampolines, carefully review the following:

• Liability Coverage: This portion of your policy covers bodily injury or property damage caused by accidents on your property, including your trampoline. However, coverage limitations and exclusions may apply.
• Personal Property Coverage: This coverage protects your trampoline as a piece of property in case of theft, damage, or destruction due to a covered peril.
• Additional Coverages: Some homeowners insurance policies offer additional coverages, such as medical payments coverage, which can help pay for medical expenses for guests injured on your property, regardless of fault.

Tips for Trampoline Owners

To protect yourself and your property, consider the following tips:

• Inform Your Insurance Company: Disclose the trampoline to your insurance agent to avoid coverage issues in case of a claim.
• Review Your Policy: Carefully review your homeowners insurance policy to understand the specific coverage related to trampolines.
• Implement Safety Measures: Install safety nets, padding, and follow recommended safety guidelines to reduce the risk of injuries.
• Consider Additional Coverage: If your insurance company imposes restrictions or limitations, consider purchasing additional liability coverage or an umbrella policy for added protection.

Enjoy Trampolines Happily by Consulting Our Insurance Experts

At Kevin S. Dougherty Insurance Agency, we understand the importance of protecting your home and family. Our experienced agents can help you assess your insurance needs and find the right coverage for your trampoline. Contact us at Marci and Kevin today for further assistance. Call us at (630) 575-0800 for a quick consultation.