Does Florida Homeowners Insurance for Trampolines Cost More?
It would be best if you entertained 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 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 yearly, and insurance companies have labeled them an “attractive nuisance” with things like swimming pools. So what are your options if you want to get a trampoline? It comes down to three choices:
No Florida Homeowners Insurance for Trampolines Coverage
For many insurance companies, this is no coverage at any cost. If you already have a homeowner’s policy, you’re canceled; end of the 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 entirely 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 altogether. This means that you will be financially responsible if anything goes wrong. Think long and hard about doing this. You would be responsible for all related medical costs if a serious accident happens.
This isn’t just about your children either. If some other child comes onto your property and gets hurt on the trampoline, sometimes even without your knowledge, you will be liable if that child’s parents sue you.
Limited Coverage
Some insurance companies may allow coverage with limits for any trampoline-related claims. Again, this could be risky if a child other than your own gets injured on your trampoline. You could get sued for medical costs exceeding the policy’s limits. Since trampoline-related injuries can often result in permanent neurological damage, the costs can be significant.
You might buy 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.
Regular Coverage
You could be one of the lucky ones to 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 ensuring the trampoline is adequately anchored to the ground are all things you can do to help possibly get insurance coverage. Some agents report that your rates may not increase if you take these steps to prove things are safe but be prepared to pay more.
Conclusion on Florida Homeowners Insurance for Trampolines
If you’re shopping for Florida homeowners insurance at https://floridainsurancequotes.net/florida-homeowners-insurance/ for trampolines, you must 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 homeowner’s coverage. Do your homework before you decide on that trampoline to avoid costly surprises.