When you become a parent, the whole world changes. All of a sudden it’s not just about you anymore, it’s about your family. You start to see things differently, and things that were complete non-issues before, step up to the forefront of your priorities.
One of the most common changes I help new families deal with is the realization of the importance of being adequately covered by insurance. Protecting your family is always number one, and having proper insurance coverage is one of the easiest ways to make sure everybody is covered in the event of an unfortunate accident. This often means parents getting life insurance policies and making sure your car and your home are covered as well.
As your kids grow older and they become more adventurous, and as a parent you will often times find yourself wanting to accommodate your children’s needs. This can mean moving to a larger house, or making purchases you wouldn’t have thought to make otherwise. One of the most common purchases a family will make is the purchase of a trampoline. Did you know though, that buying a trampoline can actually have major implications for your insurance policy, possibly even voiding it?
This is a major consideration to be conscious of before making your purchase, and it’s something you’ll want to talk with your insurance provider about prior to the need of an insurance claim!
Why would having a trampoline void an insurance policy? Here’s why:
1 – Insurance companies view trampolines as injury factories
And rightly so! Because they are. Every child wants a trampoline, I don’t think I’ve ever heard a child say “No, I would hate to have a trampoline in my yard”. However, trampolines are responsible for over 100,000 emergency room visits by children every year in the United States alone.
In fact, the statistics show that trampoline related injuries are more likely to cause brain damage in children than car accidents! That’s a pretty tough fact to avoid, and that’s why most insurance companies will jack up your rates and premium if they know of a trampoline on the property, or possibly flat out refuse to cover your property.
2 – Unattended Risk
So, you are a responsible adult and only let your children, and your children’s friends, play on the trampoline under strict supervision. Insurance companies do not care.
What happens when a neighbor’s kid sneaks into your backyard when you aren’t home because everybody knows the Jones’ are the coolest and have a trampoline? What happens when that kid then breaks their leg, or falls off the trampoline and gets a concussion, or somehow dies? (I know, extreme. But it is a possibility without proper supervision.)
Insurance companies see a trampoline like a pool when it comes to potential of risk, which is why they are extremely adamant about inclusion of a trampoline in the policy before anything happens.
This article is not to discourage you from getting a trampoline, by any means. We all remember being children and longing for a trampoline, or perhaps you were the lucky kids on the block who actually HAD one. Trampolines are fun and can be a great form of exercise and social development for kids, but it is extremely important to talk with your insurance provider before pulling the trigger on this potentially life changing decision.
Also, some insurance providers are more likely to be lenient with their rules regarding trampolines on premises if you purchase a Springfree model, which are world renowned for their safety standards. Making it very difficult to injure yourself while bouncing.
These tips are meant to help you make informed decisions in your life to keep your families future secure. Remember, family comes first.