Trampoline Questions

[doublejay]

I have a lead on someone who recently switched carriers (non-renewed due to flood zone rating by previous one) and when home was inspected for his new HO policy he was told to remove trampoline - He would obviously like to keep it if possible and is allowing me to find him an alternative option.

I am brand new to P&C so any help appreciated.

1) Is it very common for insurers to not allow trampolines?

2) (More for my own knowledge): What happens if trampolines are not allowed by insurer yet insured has one and a liability arises?

Scenario A: Inspector instructed it's removal - Insured didn't listen.

Scenario B: Trampoline added after initial inspection - Insured claims he didn't know that it wasn't allowed.

 

[Guest]

Most carriers dont allowed tramplines now, they are worst than dogs.....

If they do the remove and replace method, you better have them sign a form stating they understand the situation because YOU know about it.......

 

[Dave020]

 

[djs]

If the inspector said to remove the trampoline, if they don't, the policy will be cancelled, if allowable under law. If not, it will be non-renewed.

Why did a flood zone rating non-renew their policy? Have them buy a flood policy. Flood is usually an excluded risk on a normal HO policy anyway.

I haven't had a problem with carriers accepting trampolines, they just have to be on the application and may be an excluded risk. Especially if the trampoline is next to the pool

Dan

 

[Insurance-Guy]

Why did a flood zone rating non-renew their policy? Have them buy a flood policy. Flood is usually an excluded risk on a normal HO policy anyway.

Dan

Dan there are a few companies like Travelers that I am aware of if you are in a flood zone and do not have a flood policy they will cancel or non renew your policy.

It is weird and hard to understand as you said flood is excluded anyway. The reasoning I have got is that if you are in a flood zone and a major claim happens (Katrina) it was difficult to show if it was flood damage or not.

I don't agree with it and I have had to move a couple of nice accounts from Travelers due to this.

 

[Guest]

Dan there are a few companies like Travelers that I am aware of if you are in a flood zone and do not have a flood policy they will cancel or non renew your policy.

It is weird and hard to understand as you said flood is excluded anyway. The reasoning I have got is that if you are in a flood zone and a major claim happens (Katrina) it was difficult to show if it was flood damage or not.

I don't agree with it and I have had to move a couple of nice accounts from Travelers due to this.

I think its because it will still cost them a lot of time and money to fight it and inspect it to deny the claim, after Katrina, wasnt there an enormous issue of what was actually a flood and what was wind blown rain, which would be covered?

 

[Stephen]

I'm not a P&C guy, but won't most carriers allow a trampoline as long as the homeowner installs an above ground pool to break the fall?

 

[Insurance-Guy]

I think its because it will still cost them a lot of time and money to fight it and inspect it to deny the claim, after Katrina, wasnt there an enormous issue of what was actually a flood and what was wind blown rain, which would be covered?

That is exactly what I was told. Just the amount of time and money spent and then the courts still made carriers pay claims that had been flood claims but it was difficult to prove. Still is a hard conversation to have with someone.

 

[doublejay]

Why did a flood zone rating non-renew their policy? Have them buy a flood policy. Flood is usually an excluded risk on a normal HO policy anyway.

My mistake. I meant hurricane zone.

 

[coloradoseniormarket]

Some carriers will allow tramps as long as it is enclosed by a guard and it isn't the local playground for neighborhood kids. When I was writing for Met it was allowed.

If the inspector advised the client about the tramp a signed statement from the insured will not protect you - you have knowledge and will not protect you from a lawsuit - also you will get a bad rep with your underwriters which you do not want.