Home gyms have always been around, but as of late, they have become all the rage. In fact, today, there are more people with home gym equipment than ever before. However, one of the questions many people wonder about and have asked on various forms is if their home equipment is covered in the event of a disaster? After all, home gym equipment isn’t cheap, and nobody wants to see their investment go up in smoke.
To simple answer to the question is it depends! We know that’s vague but whether or not your gym equipment and those using it are covered depends on various conditions we’ll outline in this article.
Will Property and Liability Insurance Policies Cover Your Home Gym?
Many home gym rats have the assumption that working out at home has little risk, but there is always the risk of accidents and liability. Consider what happens if something goes wrong and you don’t have coverage?
Take, for instance, you’re working out with the new set of kettlebells, and one slips when you’re swinging it overhead. The kettlebell leaves your hands and smashes through a couple of floorboards. Everyone can drop a dumbbell or kettlebell by mistake, but it can be an expensive experience if you’re not covered. On the other hand, if you have homeowner’s insurance, the policy will cover all associated repairs.
To find out what’s covered, always review your policy. Check what the policy covers, i.e., does it cover accidental damage to your property caused by gym equipment accidents?
The other thing you will need to consider is personal injury coverage. It should be part of your homeowner’s insurance policy. Think about what happens if a friend who decides to work out with you slips and injures their wrist? While we can all hope it never happens, but if it does happen, you will be liable for it. If you have homeowner’s insurance personal injury coverage, that should help reimburse your friend for their injury.
Personal Trainer Liability Insurance
Most people who work out in their backyard or home gyms have a personal instructor working with them online or in person. Personalized instruction is excellent since it is tailored to your specific needs. However, that personal trainer should have personal trainer liability insurance.
Think about if you or your partner who works with the personal trainer at your home gets injured during a session; what happens if the personal trainer does not have a policy? Not only are you open to lawsuits and various other costs, but if found liable, that money comes out of your pocket. That’s why your trainer should be insured; that way, everyone is protected.
We stand by people’s need to get fit. In fact, a home gym is an excellent investment regardless of if you work out on your own or with a few friends. However, it is essential to know if your home gym is covered and, if so, to what extent. After all, you want to have peace of mind knowing that you will not be sued or financially penalized if something goes wrong.
Contact Roger Welch Today if you have questions concerning your policy.