If you own one, the solution is get rid of your diving board, slide or trampoline before your homeowners policy is canceled and an injury claim is denied.
But maybe Santa Claus just delivered a new trampoline and your kids really enjoy it.
I have kids.
But as an insurance agent,
trampolines, slides or diving boards result in liability claims against you.
The bad news is more than likely your current homeowners insurance company will NOT provide any defense if someone makes an injury claim against you because of an accident involving a trampoline, swimming pool or diving board.
If your insurance company discovers you have a trampoline, slide or diving board more than likely your policy will be canceled or non-renewed.
Get rid of the trampoline, slide or diving board now but if you can’t,
you need to find an insurance company that will at least allow you to keep the trampoline, diving board or slide.
Finding liability is another problem.
One way to protect yourself from a liability claim involving a trampoline, diving board or slide is to purchase an umbrella policy.
An umbrella policy can protect you from liability claims that can be denied on your underlying auto and homeowners policy.
Nothing was more fun as a kid in the summer than going to my neighbor’s swimming pool and jumping off their diving board and sliding down their slide on a hot summer day.
I remember one kid (not me) used a ladder to get on the roof and jumped into the pool.
Luckily the neighbor’s mom was home and noticed kids dropping down from the sky into the pool when she checked on the party going on in the backyard and quickly shut down the roof jumping.
Those days are long gone, but as an insurance agent I look back at that backyard full of neighborhood kids running around and cringe at the liability exposure those neighbors had.
One broken ankle.
or worse a broken vertebrae.
Most Homeowners insurance policies only have 100,000 of liability coverage on their policies.
In Louisiana 100,000 could easily be paid to your attorney before you even get before a judge.
When I talk with clients who tell me they have a diving board, slide or a trampoline, I always tell them to “take it down”.
But there are some parents, like my neighbor when I was kid, that don’t want to remove their trampoline, slide or diving board.
If so, there are a few companies that will allow you to keep your diving board, slide or trampoline on your property.
But you WILL NOT get any liability coverage for these exposures.
More than likely if you find a company that will allow a diving board, slide or trampoline, they will make you sign an exclusion form.
Bodily Injury or Property Damage arising out of the ownership or use of a trampoline owned by, rented by or loaned to any insured, whether on the “residence premises” or elsewhere is excluded under your policy.
Swimming Pool and Diving Board Exclusion
Bodily Injury or Property Damage arising out of the ownership or use of a swimming pool diving board or slide owned by, rented by or loaned to any insured, whether on the “residence premises” or elsewhere is excluded under your policy.
So if you don’t want to remove the diving board, slide or trampoline, we do represent a company that will allow you to keep them on your property, the only issue is they will not provide any liability coverage.
Do you think your current homeowners policy covers this?
You may be in for a surprise especially if your homeowners insurance policy was purchased after Hurricane Katrina when all the new companies entered the State of Louisiana.
Some companies like Centauri Specialty will allow you to keep the trampoline, but will not provide any liability.
Your only option may be to buy a personal umbrella policy to protect yourself from a claim.
Game plan if you want to keep your trampoline, diving board or slide.
- Buy a homeowners policy from Centauri Specialty or other companies that will allow you to keep the slide, diving board or trampoline.
- Purchase an Umbrella Policy
- Raise your Auto and Homeowners liability limit
250/500 liability on Auto
300,000 liability on Homeowners
As an insurance agent and former claim representative of a large insurance company, take down the trampoline, diving board or slide to protect yourself from a lawsuit
One broken arm, or worse, a broken vertebrae could put your
- equity in your house
- future earnings
If you own a trampoline, diving board or slide and your current homeowners insurance company is going to cancel your policy,
we have a few options to protect you and your family.
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