You need to entertain the kids. You want them out of the house, away from the video games, out in the fresh air. So you think you’re doing the right thing when you decide to buy that trampoline. But have you checked into your homeowner’s insurance to see if that will be covered? If you want Florida homeowner’s insurance for trampolines you could get bounced right out of the market.
Insurance companies are not fans of trampolines. Injuries from trampolines are growing every year and insurance companies have labeled them an “attractive nuisance” right up there with things like swimming pools. So what are your options if you want to get a trampoline? It basically comes down to three choices:
For many insurance companies this is it. No coverage at any cost. If you already have a homeowner’s policy you’re canceled, end of story. And don’t think that by just not telling them about your trampoline you’ll sneak by. Some companies are popping in with surprise inspections and could cancel you completely if they find a trampoline on your property, no questions asked.
If you talk with your insurance agent, they may agree to write the trampoline out of the coverage, rather than canceling you completely. This means that you will be financially responsible if anything goes wrong. Think long and hard about doing this. If a serious accident happens, you would be responsible for all related medical costs.
This isn’t just about your own children either. If some other child comes onto your property and gets hurt on the trampoline, sometimes even without your knowledge, you’re going to be liable if that child’s parents sue you.
Some insurance companies may allow coverage with limits for any trampoline related claims. Again, this could be risky, especially if a child other than your own gets injured on your trampoline. You could get sued for any medical costs exceed the policy’s limits. Since trampoline related injuries can often result in permanent neurological damage, the costs can be significant.
You might have the option of buying additional coverage, as in an umbrella policy, to help cover higher medical claims. Typically you can get $1 million or more to cover your liability.
You could be one of the lucky ones find that you do indeed have Florida homeowners insurance for trampolines included in your policy. The company may agree to coverage if you take all the proper safety measures. Putting up a net, having a locked entrance and making sure the trampoline is properly anchored to the ground are all things you can do to help possibly get insurance coverage. Some agents report that your rates may not even go up if you take these steps to prove things are safe, but be prepared to pay more.
If you’re shopping for Florida homeowner’s insurance for trampolines you need to know what questions to ask. With the reports by the U.S. Product Safety Commission showing nearly 92,000 emergency room visits every year due to trampoline injuries, insurance companies are becoming more reluctant to offer any homeowner’s coverage at all. Do you homework before you decide on that trampoline to avoid costly surprises.