If you're thinking about buying a trampoline, or if you've already purchased one, it's a good idea to read your homeowners insurance policy or contact your insurance provider. Make sure you understand your policy's terms and conditions regarding coverage for trampoline-related incidents or damage and any state-specific exceptions that may affect your homeowners insurance.

Homeowners insurance coverage for trampolines may vary by state and by insurance company. Coverage for trampolines is typically handled in one of three ways:

No exclusions: This means that a homeowners insurance policy doesn't place any restrictions on trampoline ownership or usage. So, if a visitor or guest is injured while bouncing on your trampoline and you're found legally responsible for their resulting medical bills, the liability coverage in your homeowners policy may help cover the costs. Or if a storm blows through that causes your trampoline to damage your home or property, your dwelling coverage or other structures coverage may help pay for repairs. Finally, if a tree crushes your trampoline in a storm, personal property coverage may help cover the loss.

Trampoline exclusion: If your policy states that trampolines are excluded from your homeowners insurance coverage, your policy would not provide protection for trampoline-related claims. In some cases, it may also mean that if you add a trampoline to your property, you may not be able to renew your homeowners insurance policy. Your insurance provider can help you understand the terms, conditions and coverages in your homeowners insurance policy.

Coverage with safety precautions: A homeowners insurance policy may provide coverage (up to the limits and terms of your policy) for a trampoline, assuming you follow safety guidelines, according to the National Association of Insurance Commissioners.