Have A Pool Or Trampoline? You Need Extra Insurance
One of the biggest temptations once a home has been purchased is to add things on to it. If you have kids, the temptation to build a pool or construct a trampoline in the backyard might be pretty overwhelming
. After all, you want your kids to be happy. But your kids happiness should not be the only factor that goes into your decision. In fact, with all the dangers that a pool or trampoline creates, your childrens happiness should be the least of your worries.
Anyone who goes in or around your pool or trampoline is putting himself or herself at risk of getting hurt. That means added liability not only for your family, but also for the neighbors family, your childrens friends, and anyone who wants to use your backyard recreational activities. So, youll need more insurance coverage for a pool and trampoline
. Here are your options:
SEE ALSO: The Insurance Claims Process: An Essential Guide
Before getting a trampoline, check your home insurance policy to see if or what is covered
. There are three main categories of coverage for trampolines through a home insurance policy:
- No exclusions: Your policy does not place any restrictions on trampoline coverage for your home.
- Coverage with safety precautions: Your insurance policy covers your trampoline if you follow several procedures, like having net enclosures or padding and keeping it away from buildings, trees, or other tall objects.
- Trampoline exclusion: Your trampoline is not covered at all by your home insurance policy.
If your home insurance policy does not cover a trampoline and you still would like to get one, then it might be wise to get added coverage to protect you against liability lawsuits. An umbrella policy can do just that and also protect you from other home-related disasters
, like accidental flooding or a pipe bursting.
To some extent, most insurance policies cover a pool. An average home insurance policy offers $100,000 in liability coverage. However, most insurance companies also encourage you to get more than that amount of coverage if you have a pool because of the risk of injury or death associated with a pool. From Memorial Day to Labor Day 2014 alone, there were 174 child drownings in swimming pools or spas. Pool-related injuries and deaths are among the top threats for children and toddlers in the US
. So, youll need to not only get more liability coverage, but also have enough security around your pool area.
For liability coverage, most insurance companies recommend that you upgrade to a $300,000 or even $500,000 limit
. That way, if the neighbors 10 year old is running around the pool, slips, and breaks an arm and the parents sue, then you are fully covered.
As for pool security, you can go several routes, but leaving your pool completely open and unattended is a huge no-no
. Pool alarms are a great start because they make a lot of noise, scaring away any children or animals that might try going in the pool before any damage is caused. Another good option is a locked fence around the pool, to the backyard, or both. Pool covers, both for the winter time and for the summer when the pool is not in use, are also recommended. When people are swimming in the pool, there should always be an adult supervisor who can stop children from performing risky stunts or call emergency services, if need be. Following these guidelines might make it easier and more affordable for you to get your pool insured.
SEE ALSO: Why You Need A Swimming Pool Alarm Now
Safety Is Priority #1
No matter if its a trampoline, a pool, or an entire backyard amusement park, safety has to be your priority
. If you can demonstrate to your home insurance company that you are taking all the necessary precautions for your pool or trampoline, you are more likely to be covered. You also get the added benefit of being able to sleep soundly at night, knowing that your whole property is covered.