With many of us stuck in the house more this year, we’ve found new ways of staying entertained. Whether you have kids or just love toys, then you may have invested in a trampoline. Though the trampoline may be providing hours of fun, have you stopped to consider your homeowner’s insurance? Believe it or not, but these toys don’t bode well with your policy.
Statistics show that having a trampoline increase the likelihood that someone will be injured on your property. Therefore, it increases your chances of having a liability or medical payments claim. With trampolines, there is an inherent safety risk and cannot be avoided.
How insurance handles trampolines
Each insurance company will look at trampolines differently, for example:
• No restrictions – An insurance may not care about your recent purchase. There may be no alterations to coverage needed and no change in premiums.
• Trampoline exclusion – If your policy states that trampolines are excluded from your policy, then you will be on the hook if there are any injuries or property damage because of the trampoline. In some cases, you may not be able to renew your home insurance policy if you add a trampoline to your property.
• Coverage with safety precautions – Your policy may provide coverage for a trampoline as long as you put safety precautions into place, such as netting.
Although they are fun, we encourage you to be cautious when adding trampolines to your home. Ensuring your policy will cover them is the first step. Safeguard your property with quality homeowners insurance. Contact the team Lou Aggetta Insurance Services in Pleasant Hill to get started on your tailored policy.