Home Insurance for Trampoline Owners? - What the Owners of Trampolines Need to Know About Homeowners Insurance  
 
 

Trampoline Insurance - Home Insurance for Trampoline Owners? - What the Owners of Trampolines Need to Know About Homeowners Insurance

A trampoline is fun for the whole family and a great way to get in shape, but there are several things that a responsible homeowner must be aware of as soon as they purchase one. There are a wide variety of insurance polices available, but one constant trend is the so called "trampoline exclusion." It is relatively difficult to find an insurance company that will include trampoline insurance cover and there are many reasons why this exclusion exists.

To look at it from the insurance company's point of view, there are a number of risks that make a trampoline quite unattractive. First, a number of nasty accidents can happen on a trampoline. A full trampoline is a piece of equipment that is used by gymnasts in carefully supervised conditions. Having a trampoline that can be used by everyone who can find their way into your yard is something of an insurance nightmare. A study conducted between 1990 and 1995 a steadily growing trend of trampoline injuries, with numbers annually in the five-figure range.

Trampolines are what insurance companies considered an "attractive nuisance," something that invites trespassers. No matter what precautions are taken, there is an unnerving possibility that a court case will find the owner of the trampoline guilty of negligence, no matter what signs are posted or what preventative measures are taken. In this case, the insurance company can end up paying out thousands of dollars. When the situation is seen like that, an insurance company seems to be taking a reckless risk when choosing to insure something like a trampoline.

If you have decided to purchase a trampoline, make sure that you are aware of your insurance company's policy regarding them. (Here is another article about Trampoline Insurance). Make sure that you know if the item is covered before you buy it; otherwise, you might not find out until you have a claim that your insurance company won't touch with a ten foot pole!

The insurance policies that will cover trampolines usually insist on stringent safety measures, like a safety net, or a fence that is at least 4 feet high. This is still no guarantee that you will find a policy to cover you; these things can vary from state to state. If you owned a trampoline before you bought your policy, or if you did not inform the insurance company of its existence, don't be surprised if you get an unscheduled inspection and are asked to remove it.

The best time to find out if your homeowner's insurance covers trampolines is before you buy one! That way, you can find out if trampolines are forbidden or allowed under certain situations. Be aware of the risks that come with your trampoline and discuss them openly and honestly with your insurance provider.

Get a variety of quotes and read the terms and conditions carefully before buying.

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