Do you want to know how much it will cost for you to get insurance for your trampoline?
In this article, I will unveil all that you need to know about the cost of insurance for a trampoline.
Have you ever wondered why trampolines fall under a category called attractive nuisance? This is because trampoline poses a significant risk to us, just the same way, you and I derive pleasure from it.
Many hazards could occur while using a trampoline; this is why you must get insurance for your trampoline, covering the cost of hospital bills and any dangers resulting from using the trampoline.
As a homeowner, when you get insurance for your trampoline, it will cover any damage that occurs while using the trampoline, such as medical expenses or properties.
How Trampolines Affect Homeowners Insurance
If you have a trampoline in your compound (if new), there are a few steps to take to ensure the proper safety of Heath and properties.
While getting your homeowners insurance for a trampoline, it’s a good idea to consider a PUP personal umbrella policy, which can increase your liability coverage.
Furthermore, you need to understand that it’s not all insurance that will cover the risk associated with accidents or damages that occurred while using Trampoline for homeowners.
Insurance companies are likely to issues any of the three policies while trying to get insurance;
- Injuries and litigation that occurred while using the trampoline will be covered.
- Injuries and litigation that occurred will only be covered under certain circumstances
- No damages will be covered for any circumstances.
- If the insurance company issues that Trampoline is covered, any damages that happen while using the trampoline will be taken care of by the insurance company.
It also includes any damages to the Trampoline itself, perhaps if it gets torn, etc
Nevertheless, if your insurance company says your Trampoline is only covered under certain circumstances. It means all damages that occurred while using Trampoline won’t be covered.
However, if your insurance company excludes Trampoline, it means any damages that occur while using Trampoline will have to be covered by you.
Do Trampolines Make Your Homeowner Insurance Go Up?
Using a trampoline will add to the annual charges you pay for your Trampoline.
You should expect an increase in your homeowner insurance once you have a trampoline on your property.
Also, you have to bear in mind that you will be solely responsible for whatever damages that occur to anyone that makes use of your Trampoline.
And in addition, your Homeowners policy issued by your insurance company can be canceled at any time.
According to the US Consumer Product Safety Commission, about 83,300 people are in the emergency room due to trampoline accidents.
If you haven’t purchased a trampoline yet, and intend to check it, it’s of high necessity to check your Homeowners insurance policy to know whether Trampoline is being covered.
Nevertheless, if you have purchased it already, you might decide not to discuss it with your agent. It’s entirely possible; they won’t come across it or even notice you have it in your household. However, bear in mind that you will be responsible for any damages that occur.
If your agent gets to know by chance, they will report to the household insurance company, and either of the following things is likely to occur.
- If you have safety measures in place for the Trampoline, your household insurance company may offer coverage for your trampoline.
- The insurance company may exclude Trampoline from what they cover in your household: This means any health hazards, injuries, or damages that occur to properties while using Trampoline, won’t be taken care of by your insurance company, and you will have to carry responsibilities for all this.
- Your insurance payment may rise by $50-$100, aside from the $300 for home insurance.
- Your insurance policy may be canceled as a result of the negligence of attitude.
Rental Insurance For Trampoline
It’s your responsibility to shoulder if someone who doesn’t live in your household gets hurt while using a trampoline.
A one-time Trampoline accident can cause lifetime damage to one’s body. Which is it’s always necessary to supervise your Trampoline and make sure no one uses it without your permission.
Frequently Asked Questions
How Much Does It Cost To Get Trampoline Insurance?
The price of getting Insurance for your trampoline varies between $50-$100 per month.
Will Homeowners Insurance Covered Expenses That Occurs As Result Of Trampoline Accident?
This varies based on the homeowner’s insurance companies.
Some Homeowners Insurance companies will cover the expenses that occur due to trampoline accidents, while some will cover under certain circumstances, while someone won’t cover for it at all.
Kindly check for your homeowner’s insurance policy to be sure of this.
Do I Need Insurance For a Trampoline?
Yes, you do need insurance to cover your Trampoline. This will make any possible injury that occurs due to using a trampoline to be covered for.
Can A House Renter Get A Trampoline?
If you do not own a house, you can’t decide on this yet on your own. You have to discuss it with your landlord first and know whether they have an objection to it or not.
What Are The Risks Associated With Trampoline?
There are severe risks associated with a trampoline, and this is why it has become so hard to find a company that would cover one.
Do I need to have extra insurance when I get a trampoline?
Most insurance companies do not have trampoline insurance due to high cost and liability risks. But some of the insurance companies might insure you if you have all safety precautions and cover on the trampoline.
What Insurance Companies allow Trampolines to be insured?
There are many insurance companies that allow trampolines to be insured and they include GEICO, Amica, Famers, Allstate, Liberty mutual, etc.
Trampoline insurance varies, based on the insurance company’s policy that covers you, nevertheless expect to pay between $50-$100.
It could be hard to find an insurance company that will cover your Trampoline due to how severe the accident that occurs while using a trampoline used to be.
I advise you to have excellent supervision over your trampoline and make sure children or visitors do not use it without your permission.