Summer Safety: Are You Insured for Summer Fun?
As the summer season approaches, your plans are likely to include more entertaining, travel and outdoor excursions. Sunshine may help you relax and recharge, but before engaging in some recreational activities, you should reevaluate your insurance risks and needs. These tips from the National Association of Insurance Commissioners can help make sure you are protected while you enjoy summer fun.
Pools and Trampolines
Before inviting friends and family over to enjoy your pool or trampoline, know that either may increase your insurance risk. Consider purchasing an umbrella policy in addition to your homeowners insurance to increase your liability coverage. However, because pools and trampolines can be dangerous, some companies may not insure your property if you own them, or there may be policy exclusions for liability for related injuries. An insurance company may also deny coverage or cancel your policy if you do not follow the policy’s safety guidelines or fail to inform them when you build a pool or purchase a trampoline. Check with your insurance provider for rates, discounts and safety guidelines (such as installing a fence or locked gate). If you lease a property with a pool, discuss your insurance options with your agent or insurance company.
Boats
A boat insurance policy provides liability coverage if someone is injured on your boat. It also covers bodily injury inflicted on others and property damage to your boat. These policies may be suspended during the months your boat is not in use. Read your policy carefully and speak to your agent as some watercraft policies have minimum or fully earned premiums associated with them.