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How does owning a trampoline affect my insurance? | Michigan home, condo, renters insurance

posted Aug 23, 2016, 9:10 AM by Jason Grubbs   [ updated Aug 23, 2017, 6:32 AM ]
To answer the question of how owning a trampoline may affect your home insurance it's important to first be reminded of the purpose of insurance:
An insurance policy is a contract in which your dollars - in the form of premium payments - are exchanged for the promise your insurance company will pay (provide coverage) if specified damages occur.
In establishing this contract insurance companies assess the likelihood of losses occurring.
Trampoline - Michigan Home Insurance

When you purchase a home insurance policy you're not only buying coverage for your home and personal belongings, but also liability protection.  The liability portion of your policy responds if a guest visiting your home suffers an injury and sues.

In the process of assessing the likelihood of claims insurance companies look for concerns that pose a higher risk of a person suffering an injury such as swimming pools, dogs prone to biting, and trampolines.

While kids (and even adults) may enjoy bouncing on a trampoline the reality is they pose a high risk of injury.  According to the American Academy of Pediatrics, thousands of people are injured on trampolines each year and most of these injuries happen on home trampolines.

If you are considering purchasing a trampoline click here for an informative guide on how to choose a trampoline according to science, detailing 10 factors to consider and is packed with tips and advice.