The Hidden Impact of Play Sets, Trampolines, and Pools
Backyards filled with play sets, trampolines, and pools can bring endless fun to your family and friends. However, you must also remember that there can be additional costs that come with these, like higher homeowner’s insurance rates. We suggest you consider these costs and understand how they can affect your insurance coverage and rates. We can help you minimize potential risks before you decide to purchase equipment for your house.
Why Do These Features Increase Insurance Rates?
Insurance companies tend to assess risks when they are determining premiums and rates, and this includes backyard features like trampolines, slides, and diving boards. This equipment can increase the likelihood of accidents and injuries. This category of backyard fun can also be called “attractive nuisances” which means they are fun for children but also pose significant risks.
Here is how some backyard features can impact your rates:
Trampolines:
Trampolines can be responsible for thousands of injuries each year, from minor sprains to serious head or spinal injuries. Some insurers tend to then do this:
- Increase premiums to account for the added risk
- Require extra safety measures like a net enclosure and secure anchoring
- Exclude trampoline-related injuries from your household coverage
Play Sets and Swing Sets:
While play sets can be seen as hours of fun, they can also present risks such as falls, splinters, and tipping hazards in your backyard. To keep insurance costs in check, here’s what to remember:
- Install soft landing surfaces like mulch or rubber padding
- Regularly inspect and maintain your equipment
- Ensure the play set is age-appropriate and properly assembled
Pools and Diving Boards:
Pools are seen as one of the biggest liability risks for homeowners. Drownings and diving-related injuries can lead to costly lawsuits and lifechanging events. Here are some things insurers require:
- A locked fence around the pool
- Some carriers require secure pool covers
- Some carriers require removal of diving boards and slides when needed to avoid injury
Because of these risks listed, some insurers may:
- Offer lower liability limits
- Charge higher premiums
- Exclude pool-related injuries from your coverage plans
How Can You Keep Your Premiums Manageable
- Install Safety Measures
- Check with Your Insurance Provider
- Maintain Regular Inspections
Warmer Weather Means More Use AND More Risk
As temperatures increase, the use of backyard play equipment, trampolines, and pools begins to increase too. The warmer months bring out more outdoor activities and gatherings, which also leads to kids playing outside for longer hours and an overall increase in activities. Warmer months can also bring on more accidents that can directly impact your homeowners insurance.
Since insurance companies evaluate risks based on potential claims, increased use can influence your coverage needs. To stay ahead of these issues, we suggest that your regularly inspect your backyard equipment, enforce safety rules, and consider reviewing your policies before these peak seasons.
How Can Trusted Insurance Partners LLC Help You?
To help you stay protected, it’s essential to discuss these features with a Trusted Insurance Partners LLC agent. We can provide personalized advice on necessary coverage adjustments, such as increasing liability limits or implementing specific safety measures. This proactive approach helps your family and assets while enjoying your backyard amenities.
For detailed information and personalized guidance, contact us directly to discuss your specific needs.
Protect Your Home and Enjoy Your Backyard with Confidence!