Pools, Trampolines & Summer Fun: How They Impact Your Home Insurance in Oklahoma City & Purcell, OK

We all want to be outside to enjoy the beautiful weather during the summertime. This time of year can be great for lounging in a swimming pool or bouncing on a trampoline. Yet, while fun, these and other attractive nuisances can affect your homeowners insurance. Make sure you understand the potential risks.

What’s an Attractive Nuisance?

Attractive nuisance is an insurance term for property characteristics that may invite greater liability risks, such as guest injuries. Common examples include:

• Pools
• Trampolines
• Ponds
• Treehouses

How Does a Pool or Trampoline Affect Insurance?

Pools, trampolines or other attractive nuisances make it more likely for others to be injured on your property, especially children. When there’s greater risk associated with your home, your insurance rates can increase accordingly.

What Can I Do About It?

You can do several things to insulate yourself from potential risks related to a pool or trampoline. First and foremost, make sure you report having a pool, trampoline or other attractive nuisance to your insurance carrier. Failing to disclose such a feature may lead to underinsurance, claims denials or even policy cancellations.

It’s also critical to take steps to limit potential injuries associated with your pool or trampoline. This includes installing a self-closing fence around pool areas and adding a net around a trampoline. Increasing safety can help reduce your perceived risk and, thus, insurance premiums; some measures, such as a pool fence, may even be a legal requirement.

Additionally, make sure you have ample personal liability insurance to cover yourself in case of a third-party accident involving your pool or trampoline. Depending on your assets, you may want to consider a personal umbrella insurance policy, which increases your liability limits.

Jordan Insurance Brokers can help walk you through all your insurance options. Together, we can help keep you financially protected this summer. Contact us today to have a conversation with no obligation.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.