Does Homeowners Insurance Cover Trampolines?

Is Trampoline Insurance Covered Under My Homeowners Policy?

There's no denying that trampolines are a fun outdoor activity for kids to do during the summer. However, if you're considering getting a trampoline for your home, you should first check to see how and if your homeowners' insurance protects you.

So, do trampolines fall under the purview of homeowners insurance? Not many insurance companies cover trampolines because they are too expensive due to liability risks. On the other hand, some companies may insure your trampoline if you have the proper safety equipment and other safety precautions in place. In short, trampolines are unlikely to be covered by a standard homeowners policy, and you'll need to work with your insurance company to ensure the appropriate coverage is added.

Let's take a closer look at trampoline homeowners insurance.

Do You Need Trampoline Insurance?

If you own a trampoline, you should have insurance coverage. Trampolines are a lot of fun, but you can't dismiss the fact that they are also potentially dangerous. Even the best gymnasts who flip and fly through the air get hurt, and if someone gets hurt on your trampoline, you could be held liable for costly medical bills and lawsuits. If you're thinking about getting a trampoline, make sure you're covered for personal injury liability and medical expenses.

You might also wonder if your trampoline is covered in the event of damage, such as from a windstorm. Again, it is up to your insurance company to determine whether or not it will be covered under your personal property coverage.

Is it indispensable to notify your insurance company if you purchase a trampoline? Absolutely. It would be best to inform your agent that you have a trampoline for a few reasons. First, you must determine whether or not they cover trampolines. Second, if you do not notify your insurance company that you have a trampoline, you risk canceling your policy due to misrepresenting your property. Insurance is intended to benefit you by protecting you from costly costs associated with unexpected events; however, because your insurer is technically taking the risk out of your hands and placing it on themselves, they must be aware of the risks they may be covering.

Do Trampolines Raise Insurance Rates?

Before you can answer whether a trampoline raises your insurance premiums, you must first determine whether you are eligible. Typically, trampoline eligibility rules are similar to those for properties with a swimming pool. To keep uninvited visitors out, they require a locking gate around the yard or a safety net around the trampoline.

If your insurer does cover trampolines, you can bet your insurance rates will go up. You're transferring a high risk to them to insure, which means there's a higher likelihood of injuries occurring, resulting in more claims filed and more payout on their end. They must ensure that this cost is covered by raising your premium.