Is it true that my homeowners insurance can drop me for having a trampoline with enclosure in my fenced back yard?
2006-11-13 08:39:38 · 10 answers · asked by Anonymous in Business & Finance ➔ Insurance
Yes, it's true.
2006-11-13 08:47:56 · answer #1 · answered by Jack430 6 · 0⤊ 0⤋
Absolutely they can. Home insurance companies consider trampolines to be HUGE liability risks. I am an insurance agent and I have one or two companies that will actually cancel if a trampoline is found on your property during an inspection or at the time of a loss. However, this also depends on the individual underwriting guidelines of the insurance company. I have one company that I write for that used to be sticklers about trampolines but have since changed their guidelines to where they will not cancel the person's insurance but will exclue any losses due to a trampoline.
2006-11-14 06:38:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
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.
2006-11-13 13:20:24 · answer #3 · answered by Rexy 3 · 0⤊ 0⤋
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?Refby=614783&Type=home
you may get the quote with the trampolines coverage.
It is free. No obligation.
Good Luck!
2006-11-13 09:38:34 · answer #4 · answered by John 2 · 0⤊ 0⤋
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
2006-11-13 08:45:19 · answer #5 · answered by Anonymous · 0⤊ 0⤋
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.
2006-11-13 08:57:20 · answer #6 · answered by Bmod98 3 · 0⤊ 0⤋
If they determine it to be too much of a risk, yes. Trampolines are a source of great injury. I wouldn't have one.....
2006-11-13 08:42:36 · answer #7 · answered by favrd1 4 · 0⤊ 0⤋
they sure can and will, they have had just too many children
injured on trampolines and they are no longer willing to take the risk
2006-11-13 20:27:39 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Yes. It's called, "increase in hazard". All they have to do is give you a legal notice, and they can cancel the policy.
2006-11-13 13:47:23 · answer #9 · answered by Anonymous 7 · 0⤊ 0⤋
Yes, its true, but every company is different. You should call and find out what their views are.
2006-11-13 09:06:04 · answer #10 · answered by mei-lin 5 · 0⤊ 0⤋