Trampolines are classified as a beautiful nuisance as they tend to some risks at the same time kids to adults everyone enjoy them. As some hazards are included with trampoline; therefore, you must obtain trampoline insurance to cover the hospital bills and other potential dangers. Now the question is ‘how much does trampoline insurance cost’?
Trampoline insurance cost may differ from $100 to $150 on average per month and $1200 to $1800 on annual. But there are several things that you should know to get clear ideas on trampoline insurance costs. When you purchase trampoline insurance as a homeowner, it will cover all possible damages and injuries that could raise from the trampoline, for instance property damages or medical expenses.
Read the article to get a clear idea for homeowners trampoline insurance cost.
Will a Trampoline Affect My Home Insurance?
If there is a trampoline in the backyard or playground, especially for a new one, there are some safeguards that you should ensure health and property safety.
When purchasing homeowners insurance for the trampoline, don’t forget to consider the personal umbrella policy (PUP), which can raise your liability insurance.
In addition to that, not all insurance the companies include the risk of accidents or damage to property that occur while using homeowners trampolines.
While trying to obtain insurance, insurance companies will most likely to issue any of the following policies such as-
- Accidents and lawsuit that occur when using trampoline will be included (covered).
- Accidents and lawsuit will only be included in certain situations.
- No injuries will be covered to any situations.
Some homeowners insurance companies may include a trampoline exclusion clause in the policies. If your home insurance policy includes the words “always excluded,” the insurance company can cancel your insurance policy or reject your coverage if you purchase a trampoline.
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Homeowner’s insurance providers usually offer any of the following three ways of trampoline coverage:
1. When Trampolines Are Covered
If the policy does not have any specific trampoline clause of exclusions, the trampoline should be included in all circumstances.
When the accessory is covered by your homeowner’s insurance and a visitor is using it and loses control, resulting in a severe injury, the individual liability insurance on your plan will cover emergency departments and medical expenses, as well as legal fees in case of a litigation.
When there are trampolines protected under the comapny’s policy, you are not only protected from accidents. If the trampoline is harmed as a result of a storm and even other unexpected events, your property owner’s insurance may cover replacements or repairs.
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2. When Trampolines are Included with Certain Situations
Several insurance policies may cover you only if you follow certain rules on your trampoline .
Trampolines may be covered under your policy as an attractive nuisance. Other enjoyable backyard activities such as diving boards, tree houses, and swimming pools may also fall into this category. A few of insurance companies may only include these appealing nuisances under some specific conditions.
In addition, some insurers say to have a safety net to enclose the trampoline for safety. But, if you don’t have such safety precautions, your personal insurance might be nullified.
3. When Trampolines are Not Covered
Some insurance policies may exclude your insurance policy, if you have a trampoline at home. If the total idea of the trampoline is particularly discarded or left in your homeowner’s policy, insurance providers may decline coverage when you have or get one.
On the other hand, they might easily exclude the land and allow you to continue having homeowners insurance. If you require a trampoline, though the homeowner’s policy does not cover it since you own a trampoline, you need to find a new policy.
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4. Other Trampolines Insurance Options
A Personal Umbrella Policy (PUP) could be a perfect investment if you own a climbing frame or other amusement device.
These policies fiscally protect a house owner in case of a lawsuit, healthcare payments, if any guest is injured in your residence, and large damage claims if your home and auto insurance policies’ coverage limits are exceeded.
Typically, umbrella policies surges liability coverage through million-dollar chunks. It actually means, if your home insurance provides $300,000 in liability insurance, your umbrella policy will provide $1,300,000 approximately. So, think off the risks.
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How Much Does Trampoline Insurance Cost?
Trampoline insurance costs may vary depending on the policy of the insurance company. But most likely it will be $100 to $150 per month that is $1200 to $1800 per year.
Do Trampolines Raise Your Homeowners Insurance?
So the answer to ‘does a trampoline increase homeowners insurance?’ is “Yes!”
Trampoline using increases the annual fees you pay for your trampoline. If you have a trampoline as property, you should expect your homeowner insurance to rise.
Besides this, you should know that you are completely responsible for whatever injuries or damages take place on your trampoline either by you or your guests. Furthermore, your insurance company’s homeowners policy might be canceled anytime.
According to the report of US Consumer Product Safety Commission, 83,300 people are sent to the emergency room due to trampoline accidents. If you haven’t yet bought a trampoline and plan to test it, it’s critical to verify your existing homeowners’ insurance policy to see if trampolines are covered.
But, if you already have obtained it, you may choose not to talk with the insurance agent. It is most likely possible that they will not run into it or even note that you have a trampoline at home. And, keep in mind, you are liable for any kind of damages and injuries occur here.
If the agent know by any chance that you have trampoline at home, they will inform their household insurance company, and one of the below outcomes might come.
- If you have proper trampoline safety measures, your insurance company might cover your trampoline.
- Trampoline may be excluded from the insurance policy that they include in your household. This means that any health risks, injuries, or property damage that occur while using a trampoline will not be covered by the household insurance company, and in this case you are liable for everything.
- Your insurance fee may increase by 50 to 100 dollars, apart from the $300 regular installment for home insurance.
- If there is any negligence from your end, most likely the insurance policy might be canceled.
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The way to know for sure if you’re covered, according to Amy Bach, executive director of United Policyholders, a charitable organization that advocates for people with insurance, is to ask your insurer directly. You should ideally inquire until purchasing the trampoline.
She recommends that you determine “whether your [home] insurance policy would provide you with a defense if someone were to sue you for a trampoline injury.”
Even if the trampoline is covered when you first purchase it, Bach advises staying up to date on your insurance company’s policies. Your insurance coverage for trampolines may change over time.
In general, it’s in your best financial interest to enquire about your insurer, regardless of whether it means charging extra premiums or going to switch to a different insurer. The expense of your insurance company refusing to pay a trampoline responsibility claim will almost certainly outweigh the cost of changing your policy.
I recommend raising your personal liability limit and purchasing personal umbrella insurance. Personal umbrella policy may cost from $150 to $300 each year and provides liability insurance with higher limits that start at 1 million dollars often.
Read Also: Make trampoline base safe
How Can Homeowners Avoid Trampoline Lawsuits Entirely?
The best approach to avoiding an accident is to avoid it from the beginning. I recommend that trampoline owners take quite as many precautionary measures as possible, including:
- Installing netting around the trampoline to reduce the possibility of someone falling off.
- The trampoline should be placed away from concrete and fences.
- Be sure, you know who is on it.
If any guest is injured while jumping on a trampoline, it is your responsibility to bear it.
A single trampoline accident could result in long-term physical damage. As a result, it is important to monitor the trampoline and ensure that it is not used without your approval.
If you acquire a trampoline or other charming nuisance, make sure that trampolines are explicitly mentioned in your insurance policy. Some policies expressly prohibit homeowners from having trampolines in backyards.
Check with the insurance agent to find out if trampolines are covered under the insurance policy. If it’s not covered, use any other insurance that covers you even you have a trampoline.
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There are more insurance companies willing to insure a trampoline than you might think. However, it will be determined by the circumstances. Do you own a net? Do you have a fenced-in yard?
How easily accessible is it? How to keep track of it? Finally, you should consult with an independent insurance agent to determine which household insurance companies will include trampolines. Simply be aware that you will have several options.
Read Also: How to prepare the ground for a trampoline?
The insurers listed below have been known to cover trampolines under their home insurance policies. Keep in mind that companies that normally cover them are still subject to state law.
You should reassure your insurer to see if they cover your trampoline. You should also find out what their trampoline coverage conditions are. Among these businesses are:
- Allstate Insurance Company
- Amica Mutual Insurance
- Farmers Insurance
- GEICO homeowners insurance
- Liberty Mutual
- Nationwide Insurance and Financial Services
- Progressive home insurance
- State Farm® Auto Insurance
1. Do I need trampoline insurance?
Ans: Yes, insurance is required to cover your trampoline. It will ensure that any injuries sustained while using a trampoline are covered.
2. Will my homeowner’s insurance cover any expenses incurred as a result of a trampoline accident?
Ans: This varies according to the homeowner’s insurance company.
Some homeowners insurance companies will cover trampoline-related expenses, while others will only cover it in certain circumstances, and still, others will not cover it at all.
Please double-check your homeowner’s insurance policy to ensure this.
3. Is it possible for the house renter to acquire a trampoline?
Ans: put a trampoline in the backyard, check with your landowners to see if their insurance will cover this.If you live on other homeowners house and want to
Landlords may object to trampolines due to the health injuries and liability risks, but it never hurts to wonder.
4. Is it important to buy supplementary insurance when buying a trampoline?
Ans: For the high cost and accountability, most insurance companies do not offer trampoline insurance. However, if you have all necessary safety factors and cover the trampoline, some insurance companies may insure you.
Read Also: Is trampoline good for autistic kids?
5. What are the dangers of trampoline jumping?
Ans: Trampoline accidents may occur on trampolines due to their bouncy nature. Because of the possibility of accidents, trampolines are clearly a high-risk effort that can result in insurance claims.
As a result, home trampolines might have difficulty obtaining household insurance coverage or obtaining low-cost rates.
Read Also: Are trampoline parks dangerous?
6. If I’m leasing a property, can I allow a renter to own a trampoline?
Ans: No. It’s difficult enough to take precautions on a property you own and live in. Permitting it on land that is not your main residence complicates matters even more.
And make no mistake, if a trampoline injury results in a lawsuit, you will be dragged into it. The best thing to do is to include the ‘no trampoline’ condition in the lease from the start.
How much does trampoline insurance cost? This may be $100 to $150 per month. But, talk with your insurer to get the more specific answer.
From my personal experience, it may be quite difficult to find any insurance company that cover trampoline, especially if severe trampoline accidents occur there recently.
I suggest that you monitor the trampoline properly so that neither kids nor guests jump there without your approval. Also, limit children’s jump time as well as don’t allow multiple jumpers at a time.
Moreover, take proper precautions to reduce trampoline injuries such as installing an enclosure net. In case, the homeowner’s insurance policy doesn’t cover you, Insurify might be a cheap and good alternative. Happy trampolining.
Rebecca is a fitness nerd and mother. She was inspired to get into the world of trampolining and rebounding by her husband Robert, who is a well-respected trainer and expert in the field. Now she instructs children, mothers, and teens the basic trampolining and rebounding tricks.
Rebecca is also a passionate blogger, sharing her knowledge and experiences with others in the hope of encouraging them to give trampolining and rebounding a try.