Is My Trampoline Covered By My Florida Homeowners Insurance Policy?

Florida homeowners insurance

Trampolines. Kids love them; if children are around, they have probably pestered the homeowners to get one. However, is it true that insurers cancel Florida homeowners insurance policies because of trampoline ownership? Florida homeowners insurance becomes a little more complicated when we involve a trampoline.

A Trampoline And FL Homeowners – How Does One Affect The Other?

Before getting a trampoline, it is worth taking the time to understand the repercussions of owning one. In addition, Florida home insurance will cover anyone in an accident.

Does My Company Even Care If I Have A Trampoline?

That all depends on the individual insurer. Yes, some companies do have a no-trampoline ownership clause. It would cancel the policy if the homeowners get a trampoline and fail to notify the insurance carrier.

Also, the product may have a trampoline exclusion on the policy. As a result, a claim would not be honored if any accident or mishap happened involving the trampoline.

Can My Policy Provider Cancel My Homeowners Coverage In Florida If I Have A Trampoline?

In short, yes, according to Suppose the company outlines in its underwriting guidelines that trampolines are not accepted. In that case, it has the right to issue them with a cancellation of the policy notice. However, they will have advanced notification giving them time to find an insurer online that accepts trampolines. On the other hand, they could remove the trampoline from the property,

What Is It About Trampolines That Insurance Companies Don’t Like?

The amount and severity of injuries stemming from trampoline-related accidents are too tremendous. Suppose we look at the figures on average. In that case, 4,793 children are hospitalized or killed yearly due to trampoline accidents. In addition, Florida insurance companies reported that trampolines caused 110,000 non-life-threatening injuries. The amount of money that companies payout to each injured party is excessive. It is not hard to see why Florida insurance companies do not cover them.

Homeowners Are Willing To Take The Risk.

Some companies will cover trampolines on a standard Florida homeowners insurance policy. However, they are few and far between. In addition, they may charge higher premiums due to having the trampoline on the property. One in ten companies will accept trampolines on the policy, but most companies try to avoid them.

Florida Home Insurance And Trampolines

So really, it is entirely up to the homeowner. They could risk it with an insurer who will not cover anyone. Even in an accident, they could pay higher premiums to cover the trampoline price. In contrast, they can do what most parents do in this situation and take the kids to the park. If the park is not an option, it would be best to get a quote at today.