Understanding Coverage: How Much Does Having a Trampoline Raise Your Insurance?

Understanding Coverage: How Much Does Having a Trampoline Raise Your Insurance?

Trampolines are a popular choice for families with kids, offering hours of bouncing entertainment. But before you bring home that new trampoline, you might have a question lingering in your mind: how much does having a trampoline raise your insurance? Let’s explore the impact of trampolines on your insurance coverage and premiums.

Trampolines and Insurance: A Balancing Act

While trampolines offer endless fun, they can also pose a safety risk. The potential for injuries, especially when multiple children are bouncing or when safety measures aren’t followed, can be a concern for homeowners insurance companies. This is why having a trampoline on your property might affect your coverage in two ways:

  • Increased Risk of Liability Claims: If someone gets injured while using your trampoline, you could face a liability claim. Your homeowners insurance typically covers liability for bodily injury to others on your property. However, some insurance companies exclude trampoline-related injuries from their policies, while others might offer coverage with increased premiums.
  • Higher Premiums: Due to the increased risk of claims, some insurance companies might raise your premiums if you have a trampoline on your property. The amount of the increase can vary depending on the insurer, your location, and your claim history.

Understanding Your Policy: Know What’s Covered

The first step in navigating the trampoline-and-insurance landscape is to understand your current homeowners insurance policy. Carefully review your policy documents to determine if it explicitly excludes trampoline-related injuries. If your policy is unclear, contact your agent to clarify the specifics of your coverage.

Mitigating Risk: Safety First

Regardless of your insurance coverage, safety should always be the top priority. Here are some essential safety tips for trampoline use:

  • Adult Supervision: Never leave children unattended on a trampoline.
  • Enforce Safety Rules: Establish clear rules for trampoline use, including limiting the number of jumpers at a time and prohibiting dangerous maneuvers.
  • Safety Net Enclosure: Consider using a safety net enclosure around the trampoline to minimize the risk of falls.
  • Age-Appropriate Use: Ensure the trampoline is age-appropriate for the users.
  • Inspect Regularly: Regularly inspect the trampoline for tears, worn padding, or loose springs, and repair or replace any damaged parts immediately.

Communicating with Your Insurance Agent

If you’re considering purchasing a trampoline or already have one, it’s crucial to communicate openly with your insurance agent. They can help you understand the following:

  • Specific Policy Coverage: They’ll clarify if your current policy covers trampoline-related injuries and advise you on any potential exclusions.
  • Increased Premiums: If having a trampoline might increase your premium, they’ll provide a clear estimate of the potential cost impact.
  • Alternative Coverage Options: In some cases, they may be able to explore alternative coverage options that provide financial relief for trampoline use.

Save on Homeowners Insurance Premiums with Steve Wilk Insurance Agency Inc.

At Steve Wilk Insurance Agency Inc., we believe in providing comprehensive and personalized insurance solutions. We understand that every family’s needs are unique, and we’ll work with you to find the right homeowners insurance coverage that protects you and your loved ones, even if you have a backyard trampoline. Contact us today to ensure you have the right coverage in place for a fun and safe summer with your trampoline. Call us at (630) 620-4800 to get started.