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Homeowners Insurance and Trampolines

Insurance companies consider trampolines to be an Extreme Risk, People are often injured (sometimes seriously) on them. The claims paid on trampoline related accidents are some of the highest an Insurer can ever encounter. The injuries sustained can be far reaching and last a lifetime. Injuries such as Lifelong Paralysis can require medical care and assisted living expenses that far exceed most policy limits. Insurance companies are writing policies with many stipulations in them due to the high rate of injury claims.

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  • Just two days ago my neighbor put a trampoline up. This neighbor never is out with their young children so any activity that gets them out of the house and out of her way is what they look for. in the first hour of them jumping on this while we were outside playing you heard the youngest a six year old screaming and crying then running in for help twice that we know of. Not only are they a danger but when unobserved with no parental care they are an extreme hazard. I have a family member that is a competitive gymnast trained for years to do these jumps at the gym under a coaches direct supervision. she jumps and trains on a trampoline at the gym, not at home. her parents are wise enough to know that it is something to be used while under supervision and one person at a time. putting a trampoline in their yard is and should become a huge liability to that homeowner.
  • Insurance companies are also worried about uninvited trampoline jumpers. Even if you supervise your children on the trampoline and make sure that they use it properly, neighbors and others may be tempted to use it when you are not around. Trampolines are considered an "attractive nuisance" which means that they tempt people to use them even when they do not have permission to do so. Even though this is trespassing some courts will make awards to the trespassers anyway. It may not even matter that you have signs posted telling everyone to keep off. Some individuals may sue when they get hurt on your trampoline, even if you did not give them permission to use it. This can cost you (or rather your insurance company) thousands, perhaps millions of dollars (hey weirder things have happened!) Even if your win the court case brought against you and you are not found liable for the intruder's injuries your insurance company will have spent thousands defending you. Insurance companies would rather lose your business ($500 premium) than thousands defending a law suit.
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โˆ™ 2015-06-05 18:17:05
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Q: Why is a trampoline in your yard a reason for your homeowners insurance company to cancel you?
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Related Questions

Is homeowners coverage liable for injuries to guests on trampolines?

Bear in mind that most companies strictly prohibit coverage for homeowners who have a Trampoline. Generally when the Home Insurance Company discovers that you own a Trampoline they cancel your policy. whether an injury has occurred or not. If you have homeowners liability coverage, and you do not have a trampoline exclusion, then yes, liability would cover non-household members. Be prepared though to have your insurance cancelled.


Can an insurance company cancel homeowners if foundation needs some resurfacing?

yes


Can a mortgage bank or company cancel your homeowners insurance with a private company?

What do you mean "private company" If you have HO insurance the bank can not canel it. Only you can.


Is it illegal for a homeowners insurance company to drop you?

No, it is not illegal for a homeowners insurance company to drop you. But they have to follow the rules for cancellations and non-renewals for the state they are operating in. For example, in Louisiana, if you have been with your homeowners insurance company for 3 years, they can't drop you. In Florida your homeowners insurance company can drop or cancel you but they must meet the minimum notification timeframes.


How much will your insurance go up if you get a trampoline?

Most likely it will not go up at all. This is because the Insurance company generally will just cancel the policy as soon as they discover you have a trampoline on the property.


Can you get renters insurance to cover a trampoline?

Highly unlikely, Most would cancel your insurance policy at the mere mention of a trampoline.


Do you get a refund if you cancel homeowners insurance?

Yes, if you cancel your home insurance policy mid term you would be entitled to the unearned portion of your premium payments.


Can an insurance company cancel your homeowners insurance if you refuse to install exterior stair rails?

As long as the contract itself has no specifically stated agreement that shows coverage is unconditional, then, as long as they give proper notice, an insurance company can cancel ANY insurance policy for ANY reason. Of course, if you disagree with the decision, you can always consult an attorney and go from there


Can a insurance company cancel your insurance because you do not live in your home?

Yes, The terms of our Homeowners Insurance Policy state that we must notify the insurance company if there is a change in residence of the home. Failure to comply with the terms of the insuring contract are grounds for cancellation or non-renewal of the policy.


Are water trampolines as difficult to insure as backyard trampolines?

I found out that homeowners policies do not cover water trampolines on the lake, because they are not "on" your property. The insurance company also will not cancel your policy, like they will if you have a backyard trampoline, as it represents no liability to them (again, its not "on" your property). However, you will be with no coverage on the water trampoline (umbrella policies do not cover as an umbrella is additional coverage to your insured/insurable property). So if anyone gets hurt at your house on your water trampoline, you are on your own to foot the bills!


How to cancel my progressive policy?

If you ask your insurance company to cancel your policy, they will.


Is your homeowners insurance automatically cancelled at closing when you sell your house or do you have to contact your insurance company to cancel it?

By Law,, Your Coverage, ceases automatically when you sell your home. The Insurance company however will not know your home has been sold right away unless you notify them right away. Should they find at a later date that the sale ocurred they will cancel the policy or non-renew it.


Does owners liability insurance cover tenants trampoline?

NO, The landlords, or owners insurance is specific to the named insureds property and liabilities. If your tenant has chosen to own a trampoline that would be there own responsibility and their own liability in the event of a loss or injury.Bear in mind though that whether the owner lives in the house or it is leased to a tenant the insurance company will most likely cancel the policy if they discover a trampoline on the property.AnswerPlease remember that liability insurance covers negligence, so the trampoline would only be covered by liability insurance if you can prove some level of negligence associated with the trampoline.


When do you cancel your homeowners insurance?

Generally one would cancel a home insurance policy whenever one decides they no longer need it, such as sold the home or the home no longer exists, etc.


I sold my house and my insurance company refuses to cancel my homeowners insurance unless I supply them with a settlement closing statement I live in Florida Is this the law?

If your home is/was mortgaged - the insurance MUST be in effect as protection to the mortgage holder. The insurance company is just making sure that you are not cancelling what is MANDATORY coverage to save yourself some money.


How does the policy get canceled?

Lack of payment or too many collisions the insurance company has to pay for. If you want to cancel your auto insurance policy to go with another company, call your insurance company and tell them you want to cancel your insurance but be ready for them to try to persuade you to stay.


Can Allstate cancel your homeowners insurance because the foundation of your dwelling is not continuous?

Yes, If the condition of your home or any of it's pertinent structures does not meet the Insurance Company's underwriting guidelines they can deny or cancel a policy.


Can you cancel motorcycle insurance if you sell motorcycle?

Sure, you can. The insurance company should pay you a pro-rated refund after you cancel the policy.


How can you get a refund when your mortgage company and you both pay for homeowners?

Yes and it happens quite often. Usually when you let you Homeowners insurance cancel or change companies and fail to notify your insurance company to send a copy to the mortgagee. If the mortgagee does not have proof that you have insurance and have them listed on such insurance, they will place "force-placed" coverage on the property to protect themselves and they will charge you for this coverage. As long as you get them notified and proof quickly, they will cancel their policy and refund you the premium. Make sure you know that the coverage they purchase on your behalf only covers them and covers no contents of yours, no liability coverage, and only covers the bare minimum coverage. And it is usually more expensive than homeowners you buy on your own. When you get a mortgage on your home your agreement is that you keep insurance on the home. If you let it cancel or don't have such insurance you are in breech of contract and they could foreclose on your home or put this coverage on it, their choice.


Does homeowners insurance cover an insect infestation if it was caused by a previous owner?

No, Homeowners insurance does not cover insect infestation nor preexisting damage to a home. Home insurance is for sudden accidental losses, not for home maintenance. This is a home maintenance issue and what an exterminator service is for. Part of any home maintenance plan should include an annual inspection by your chosen exterminator service company. Failure to maintain your home can be a reason for an insurance company to cancel or non-renew your home insurance policy.


I had a house fire last year and my insurance company dropped me after the claim Can my girlfriend purchase a homeowners insurance policy and claim that she has never had a canceled policy?

She can buy a new policy all day long and claim she had never had a policy cancel if: 1. She is the only person on the deed to the house. 2. She never had a policy cancel.


Do you have to agree with the insurance company raising your coverage without your consent?

You don't have to agree but they will cancel the policy. Most homeowners policies include a replacement cost coverage to the structure so they want it to be insure properly.


Can my homeowners insurance company drop my policy if i have a slide on my swimming pool in the state of fl.?

It just depends on the insurance company underwriting guidelines. Some companies will not accept pool risks with a slide, some will not accept diving boards. If it is determined that your risk does not qualify for coverage under the guidelines then they can cancel your policy.


Can insurance cancel your insurance after they have taken payment?

An insurance company can cancel your coverage for any number of reasons, all of which would need to be laid out in the policy (contract) that you signed with them upfront. The most common reason that a company would cancel your insurance would be for nonpayment. Other than that, you are probably safe unless you lied about something on the application.


Will in insurance company cancel policy if you sue them?

No, the Insurance Company has no right to cancel policy even if you sue them, unless you have failed in timely renewal or did any contractual violation like concealment of facts, that can jeopardize the basic objective of an insurance policy.