Trampolines

Trampolines…. An Insurance Company’s Worst Nightmare

 

So you have a trampoline.  That’s great.  But you wonder why your insurance company cares and why they charge you extra for having it, even with a net.  As both an insurance agent and a fan of trampolines, I am here to explain.

Your homeowner’s insurance covers you for liability, including damage that you cause that you are legally obligated to pay for.  If it is your trampoline doing the damage, it is on you.

First, and perhaps most obvious, is the chance of harm to the people using the trampoline.  Even with a net (which really is incredibly important), it’s easy to get hurt on a trampoline.  I have a friend who was 24 years old and broke his leg on a trampoline from landing wrong, so it really can happen to both kids and adults.  If the damage is severe and the kid is not yours, you may be on the hook for some pretty hefty medical bills.

Second, and less obvious, is the property damage trampolines can do.  Let’s face it, New Mexico winds are not something to be taken lightly.  And they definitely can get strong enough to pick up a trampoline and throw it into the next house over (trust me, I’ve seen it happen).  The fence it knocks over, the window it breaks, the car it dents?  All on you.  Or rather, all on your insurance.

So when you see the surcharge on your policy, these are just some of the reasons.  Hopefully nothing ever happens and no one ever gets hurt.  But that’s what you have the insurance for, right?

Your Insurance and Renting Out Your Home

Your Insurance and Renting Out Your Home

 

Home sharing has become more and more popular over the past few years with companies like Airbnb and Homeway.  But before renting out a room or the whole house, it’s always best to consult with your insurance agent to make sure you have the right coverage.  Below is a blog that gives a some information to consider before you begin home sharing.

 

Educating homeowners about home-sharing insurance coverage

Home-sharing continues to grow in popularity as owners use their homes for income generation, and travelers look for unique experiences. If fact, experts are predicting vacation home rentals will increase 25% this year – up from a 19% jump last year – and it’s expected this growth trend will continue for some time.

 

Distracted Driving

Why Your Auto Premium Increased

You just received your renewal for your auto policy. You skim down to find the new premium for the following year and you see it has increased by a couple hundred or more. Most auto policies take an annual rate increase otherwise known as an inflation guard.  There are also other factors that could cause this increase.

Below is an article that gives insight into what determines your premium and what may increase your premium upon renewal.  Keep in mind as your agents, we are here to review your policy if you ever have questions.

 

What’s Driving My Personal Auto Insurance Rates?

If you drive a vehicle, you are required by law to have insurance. But why do we need it? Consider hitting a car and injuring three passengers. If both your vehicle and the other vehicle are valued…

 

 

 

Winter Storms

Winter Storms Ahead:
Are You Ready?

We admit it: As insurance pros, our picture of winter isn’t exactly cozy. Winter storms mean traffic snarls, hillsides turning to sheets of ice, and cars sliding around like hockey pucks. Cold temperatures can cause pipes to burst, frost swells and other damage. Heating your home with fireplaces and holiday lighting can increase the risk of fire.

A picture-perfect winter requires a few precautions
Here are a few of our top tips to help reduce weather-related hassles this winter.

Winter-proof your car with good snow tires or chains, new wiper blades, antifreeze, and emergency road supplies.

Keep your attic cool to help prevent ice dams. Insulate the attic floor and make sure it is well-ventilated.

Do not overload circuits with holiday decorations.

When winter storms hit, be smart
If you do not have to drive, stay put. If you must drive, make sure you’ve winterized your car and have a full tank of gas.

When the air is cold, keep bath and kitchen cabinet doors open so warm air can circulate around pipes. If pipes do freeze, let them thaw normally—they’ll be less likely to burst.

And if the power is out, make sure you avoid leaving candles or fires burning unattended. If you use a portable generator, follow the instructions and do not use it indoors.

Know what your insurance covers
We want to help you rest easy. You will be more relaxed when you know you have prepared your property to lessen the chance of winter storm damage. Your insurance policy covers repair or rebuilding costs. However, your deductible does apply. Check your policy to see what is covered and to confirm the deductible you have chosen.

If you have any questions at all about your coverage, call 505 821 5888 and we will help you review your options.

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