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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 Sep 14, 2016, 10:52 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.