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Will a trampoline increase the cost of my home insurance?

Trampoline Homeowners InsuranceThe short answer is that in most cases owning a trampoline will increase the cost of your home insurance premiums. However, there are recent changes to that long standing policy that you need to know about before deciding to purchase or forego this fun toy. In fact, your company may refuse to cover injuries from the use of your trampoline.

Owning a trampoline is great fun. The kids love it; they (or you) can defy gravity and get some excellent exercise in the process of using it. These days, however, many homeowners insurance companies have changed their policies regarding trampolines which means that it depends on who you have your insurance through as to whether you will see an increase in your premiums due to your trampoline.

Read on to get the skinny on trampoline homeowners insurance and then to find and compare FREE home insurance quotes online from competing insurers just enter your ZIP in above!

What Insurance Companies are Doing about Trampolines

What you may not realize is that trampoline injuries are quite common. In fact, according to the American Association of Orthopedic Surgeons there are about 247,000 injuries every year due to trampoline accidents (these are medically treated injuries; numbers on non-reported injuries treated at home are not available).

The cost of trampoline accidents is astronomical. In 2001 insurance companies paid $4 billion for trampoline injuries alone.

This has led to a dramatic change in how insurance companies treat insurance policies for homes that have a trampoline; now you will see one of two things occur.

Either your insurance company will raise your rates dramatically or, more commonly, they will have a clause in your insurance that specifically excludes trampoline injuries from the policy; no exceptions.

This is a perfectly legal practice and one that is becoming a dominate choice among the insurance industry. With injuries including broken necks, spinal cord injuries leading to paralysis, head trauma that can lead to permanent memory loss (etc), broke arms, legs, etc. Many insurance companies simply aren’t willing to take a risk by covering trampoline injuries in their policy.

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The good news is that insurance companies don’t drop trampoline owners from their company as they do with other high risk issues, such as dogs that are considered dangerous; they simply include what is called a trampoline exclusion clause in your policy.

In addition, even if you didn’t have the exclusion on your policy in the past; your insurance company can change this part of your policy, providing they give you notice. They do not have to grandfather you in to a previous type of policy just because you already had insurance with them. The good news is that, in this case, your home insurance premiums won’t go up; the bad news is that you will have to pay for that broken wrist (or other injury) out of pocket.

What this Means for Trampoline Owners

trampoline insurance increase

If your insurance company does not cover trampoline injuries in your policy and you keep the trampoline (entirely your choice) then you become financially responsible for any injuries that occur if someone is injured while jumping on your trampoline. These can be very serious and expensive.

While you may not be worried about a family member suing you for medical costs, you need to consider that the next time your neighbor’s children come over to play and want to jump on the trampoline. As the amount of injuries per year and the associated $4 billion in cost, that means the average cost of a trampoline injury is $16,000. In this case, even a friendly neighbor may feel the need to sue you for damages if they don’t have the money to cover their child’s medical expenses.

If you want to keep your trampoline, then trampoline safety is vital. If you have children using the trampoline, then you must supervise them at all times. Make sure that there is no more than one person on the trampoline at all times, that no one jumps onto the trampoline from another object, the ground should be level, padding should be used on the trampoline springs (this helps to prevent injuries on the springs and falling through the spaces between the springs) and make sure that there are no tears in the trampoline and that the springs are all in tact.

Proper trampoline safety may just be the thing that prevents any injuries from occurring on your trampoline.

Finding an Insurance Company that Covers Your Trampoline

Just because most companies don’t cover trampolines doesn’t meant that all companies are leaving them out; you can still find insurance companies that offer the coverage that you want (and the protection that you need if you own a trampoline).

The first step for you to take is to use a free home insurance rate quote tool. Once you find the lowest rate, you can link to the site and find out their policy on trampolines. If they don’t cover them, then all you have to do is link to the next company. Before you know it, you will find a company that offers you coverage for your trampoline.

Having the right homeowners insurance liability cover is essential if you own a trampoline, so start the rate quote process now!

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