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Homeowners insurance and trampolines? |
Is it true that my homeowners insurance can drop me for having a trampoline with enclosure in my fenced back yard? Yes, it's true. If they determine it to be too much of a risk, yes. Trampolines are a source of great injury. I wouldn't have one..... well if you have one you better let them know so they can change your policy...i just recently got homeowners ins and one of the questions they asked was if i had a trampolines I am pretty sure they can. I think my wife said they are on the same order as a four wheeler. Most companies won't cover them unless you get a special policy just for it. OBTW she works for an insurance co. Yes, its true, but every company is different. You should call and find out what their views are. Yes, depends on the insurance company. Here are two options you may have; 1. check with your insurance company or your agent to exclusion endorsement for the trampoline for your policy. If they do, you can keep your insurance with the exclusion coverage of trampolines. 2. check the following site to get a new quote; http://www.insureme.com/landing.aspx?ref... you may get the quote with the trampolines coverage. It is free. No obligation. Good Luck! It is true, as it is seen as a liability hazard and an "attractive nuisance." If someone gets hurt on the trampoline, even if you didn't invite them and they were trespassing, you could be sued- and therefore your insurance policy would pay up to the limit of liability. Each insurer has a set of guidelines which have to be approved by the state's department of insurance, so it is perfectly legal for a company to cancel your policy or deny you coverage for a trampoline. More and more companies are using trampolines as underwriting criteria, but shop around as you will find a company to accept the exposure. |
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